I signed 3 years bond with IT company and i wanted to leave this company but if i leave this company I have to pay 3 lacs as mention in bond. so i want your help. can I break this bond without paying 3 lacs? I dont like this job profile.
1 Answer from Attorneys
Dear Sir / Madam,
Asking an employee to sign a Service / Performance Bond, being a form of bonded labour, is against the principles of natural justice, and hence illegal and a criminal offence.
Before leaving your present Company, you should first ensure that you have a better job in hand, where the salary being offered to you is such that even if you have to pay any amount to your present Company for breaking.the service bond, you will recover the amount paid to your present employer, from your salary earned in the new job within three months. Otherwise, it makes no sense to leave the present Company, simply because you do not like the job profile. So till such time you find yourself such a well paying job, continuing in the present employment is advisable and recommended.
Related Questions & Answers
"I am working in IT company I signed 3 years bond after 3 months they forced me... Asked 9/28/13, 11:47 am in India Computer & Technology Law
If any site involved in supporting like consumer complaint sites... Asked 9/25/13, 6:02 am in India Computer & Technology Law
Is keeping downloaded porn clip or images in mobile phone a crime???? Its is serious... Asked 9/23/13, 12:34 pm in India Computer & Technology Law
I want to create a website. Can I putt data on my site that is collected by me in... Asked 9/04/13, 2:34 am in India Computer & Technology Law
I am from India. I am victim of Data entry scam. I wanted to ask you that can I get... Asked 8/31/13, 2:16 am in India Computer & Technology Law