Agreement in restraint of trade or profession is void vide section 27 of the Contract Act.Moreover, it is a violation of Article 19 of our Constitution.In the event of breach of a service -bond ,the employer can recover only the actual reasonable loss suffered by it.Futher,they can file only a civil suit for recovery of the loss and there can be no criminal case against an employee for breach of service - bond unless he has committed any forgery.
Contract of employment may be terminated at any time by either side in accordance with the terms of employment. However , proper documentary evidence is to be preserved for issing the termination notice to defend/fight yourself before the court.
From India, Delhi
58Contract of employment may be terminated at any time by either side in accordance with the terms of employment. However , proper documentary evidence is to be preserved for issing the termination notice to defend/fight yourself before the court.
From India, Delhi
Hello,
What happens if the situation is reversed between employee and employer?
My question is whether employer will be liable for the remainder salary of the bonded period if the bonded contract is terminated by employer?
From Canada, Calgary
What happens if the situation is reversed between employee and employer?
My question is whether employer will be liable for the remainder salary of the bonded period if the bonded contract is terminated by employer?
From Canada, Calgary
KINDLY HELP ME
MY WIFE HAS JOIN THE COMPANY AND SIGNED THE BOND FOR TWO YEAR AFTER COMPLETE OF 22 MONTHS WE GIVE RESIGN COMPANY ARE PUSH US FOR BOND PAYMENT
IF THEY GO LEGALLY ITS CRIME FROM OUR END ?
THEY HAVE ALREADY GIVE US RESIGNATION LETTER WITH SIGNATURE
STILL THEY ARE TORCHARING US
PLEASE REPLY
From India, undefined
MY WIFE HAS JOIN THE COMPANY AND SIGNED THE BOND FOR TWO YEAR AFTER COMPLETE OF 22 MONTHS WE GIVE RESIGN COMPANY ARE PUSH US FOR BOND PAYMENT
IF THEY GO LEGALLY ITS CRIME FROM OUR END ?
THEY HAVE ALREADY GIVE US RESIGNATION LETTER WITH SIGNATURE
STILL THEY ARE TORCHARING US
PLEASE REPLY
From India, undefined
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Service agreement.doc