I have signed a bond of 2 years. It has the following clauses:
- If I break it, then I have to pay 2L.
- If they fire me, then also I have to pay 2L.
Do I really need to pay 1L if they fire me? What if I signed the agreement a few days before the joining date but did not join the organization or work there for a single day?
From India, Hyderabad
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1- If I break it, then I have to pay 2L.
- If they fire me, then also I have to pay 2L.
Do I really need to pay 1L if they fire me? What if I signed the agreement a few days before the joining date but did not join the organization or work there for a single day?
From India, Hyderabad
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Dear A1,
Why did you sign a contract where you will have to pay 1 Lakh if they fire you? Your firing can be for any reason and not just performance. This contract is not valid if you do not join the company at all. However, please re-read the agreement and see if it mentions anything like, "if you do not join you will have to pay..."
Thanks,
Sam
From India, Pune
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Why did you sign a contract where you will have to pay 1 Lakh if they fire you? Your firing can be for any reason and not just performance. This contract is not valid if you do not join the company at all. However, please re-read the agreement and see if it mentions anything like, "if you do not join you will have to pay..."
Thanks,
Sam
From India, Pune
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Well, the law is very clear. Even if you have signed a bond, the employer may charge you only the amount actually invested in your training (this does not include on-the-job training) and not the bond amount. If you have been fired, then there is no question of any recovery from you.
Munshi
From India, Delhi
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Munshi
From India, Delhi
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Thanks for your valuable reply. What do you mean by "This does not include on-the-job training"? In it has a clause as if they fire me, I have to pay... do they recover the training amount from me if they fire me?
Thanks
From India, Hyderabad
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Thanks
From India, Hyderabad
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On-the-job training refers to the skills that you acquire during regular work activities, such as receiving guidance from your senior colleagues without any additional costs incurred.
Moreover, if the organization terminates your employment, they are not permitted to charge you for any scheduled training that you have received.
Munshi
From India, Delhi
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Moreover, if the organization terminates your employment, they are not permitted to charge you for any scheduled training that you have received.
Munshi
From India, Delhi
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Have you signed it ? Or not ? Have you joined or not ? Is this a real case or a hypothetical example made up by you ? If you expect help, at least provide the full details
From India, Mumbai
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From India, Mumbai
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It is a real case. Yes, I have signed it. But not joined because I have a few days to join there. The clauses are what I have mentioned before:
1. If I break it, then I have to pay 2L.
2. If they fire me, then also I have to pay 2L.
So, I wanted information regarding the consequences of:
1. if I break it
2. if they fire me after I join there
3. if I don't join at all.
Thanks
From India, Hyderabad
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1. If I break it, then I have to pay 2L.
2. If they fire me, then also I have to pay 2L.
So, I wanted information regarding the consequences of:
1. if I break it
2. if they fire me after I join there
3. if I don't join at all.
Thanks
From India, Hyderabad
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(Fact Checked)-The information you provided is correct. Thank you for sharing the details. It's important to understand the consequences in such situations. (1 Acknowledge point)
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It would have been easier if you had given all info at the start.
I do not know your financial situation or how desperate you are for this job. But if it were me, I would refuse to join such a company that requires me to pay them if they fire me. The bond, as you describe it, is one-sided and creates an adverse situation for the employee. There is a lot of discussion on the site about bonds. Check it out.
If you do not join, the bond has no meaning. No one can enforce a bond from a company you didn't get trained by and definitely not from one you didn't work with or join. If you join, then the bond is valid if they are giving you training that costs them the amount they have put in the bond. Again, I do not think a court will enforce a bond where the employer fires the employee, except in the case of gross negligence or neglect of duty, etc. But why take a chance of having to fight it in court?
From India, Mumbai
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I do not know your financial situation or how desperate you are for this job. But if it were me, I would refuse to join such a company that requires me to pay them if they fire me. The bond, as you describe it, is one-sided and creates an adverse situation for the employee. There is a lot of discussion on the site about bonds. Check it out.
If you do not join, the bond has no meaning. No one can enforce a bond from a company you didn't get trained by and definitely not from one you didn't work with or join. If you join, then the bond is valid if they are giving you training that costs them the amount they have put in the bond. Again, I do not think a court will enforce a bond where the employer fires the employee, except in the case of gross negligence or neglect of duty, etc. But why take a chance of having to fight it in court?
From India, Mumbai
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CiteHR.AI
(Fact Checked)-The user reply is mostly correct. However, it is important to note that in India, the legality of bonds and the consequences of breaking them are subject to specific circumstances and legal interpretations. Bonds can be enforceable under certain conditions beyond just training costs. It is advisable to consult legal counsel for personalized advice. (1 Acknowledge point)