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Regarding the bond or service Agreement
08-Jun-2023 (In Labour & Service Law)
Sir/Madam, I am getting an offer from an IT Company with a bond of 2.5 years as a service agreement. If in future, I break it without paying the amount, I want to know that whether the company may be able to make a legal court case against me or not.
Dear
If you read the terms of the contract agreement rendered by the company, you could understand that there may be provisions for leaving the Company like you have to give three months notice in advance or some other conditions. Kindly read it carefully before entering into it. If you or the company will breach the terms the conditions would have been specifically enumerated and you or the Company who will breach the contract will be liable accordingly.
Regards
If you read the terms of the contract agreement rendered by the company, you could understand that there may be provisions for leaving the Company like you have to give three months notice in advance or some other conditions. Kindly read it carefully before entering into it. If you or the company will breach the terms the conditions would have been specifically enumerated and you or the Company who will breach the contract will be liable accordingly.
Regards
Helpful?
21+
21+
The company will definitely be in a position to sue you in the court of law. However, to enforce a service agreement, it is necessary that the company must have incurred certain expenses in imparting you training. So, if you are trained at the expenses of the co., the co. can definitely sue you.
Helpful?
24+
24+
You are going to sign a bond for two and a half years which means you are agreeing to the contract of employment between you and the employer company. If you violate any terms of the contract then the company can definitely take legal action against you. Otherwise you can share a copy of the agreement with me so that all the terms mentioned can be understood.
Helpful?
11+
11+
Adv. Nitin Chopra
Allahabad | 200+ Answers
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