MH
SCJP, SCWCD
Prakash Dwivedi (SCJP2, SCWCD, SCBCD)
"Failure is not when you fall down, Its only when you don't get up again"
Originally posted by James Joseph:
I have a job offer as a Software Engineer in hand. The company is India.They are paying Indian Rupees 18k per month.But at the time of joiningI have to sign a bond for 3 years.And if I break the bond a sum of 3 lakhs is to be paid.
Two sureties are to be signed.These are the conditions.What I want to know is that if I break the bond and if the compnay go to the court will I have have to paid this money. Is this bond( which is a one way contract) legally valid in India?
Can the company sue me if I break the bond? I am confused about
joining the company. Plz give me some advice.
Regards,
james Joseph
- Varun
"If everything is in your way, sure you are on the wrong lane"
Originally posted by Apan Raj:
Can any one clearly differentiate one-way bond and two-way bond
- Varun
MH
"If everything is in your way, sure you are on the wrong lane"
Aparna Sharma<br />SCJP 1.4 (yippeeee!)
Originally posted by Vish Kumar:
Bonds in India are crap. Myself signed a bond for a small time company 6 yrs ago (signed by parents too),but a number of my colleagues happily broke the bond and left for better opportunities. My company did not do anything, for the fear of reputation and media.The company wanted to have a good image in the market and they continued to have.
I have not known of any indian company which has sued an employee and obtained compensation, while a few weak-hearted employees, out of sheer fear have settled out of court compensation... .
It's a shame that a country like India, used to have some small time software/bodyshopping companies owned by the local thugs/goons, who collected Employee's College Degree Certificates and passports etc as security deposit before joining.Mostly at that time, the victims happened to be freshers...After the bubble burst, I hope all such companies are extinct now.
SCJP, SCWCD
Originally posted by James Joseph:
Thank u guys for your reply.
The company will give me a 3 month training.
The bond says that the employer can terminate this contract at any time
with a one month notice. So it is one way bond ,right?
SCJP, SCWCD