i have signed a 1 year Bond with a company on stamped paper , joining date is in november.If i don't joined company then will that be a breach of bond

+1 vote
155 views
asked Oct 17, 2015 in Labour & Employment Law by Wish
edited Oct 17, 2015
Dear Sir/Madam ,

Recently i got a job offer from a IT-company in which i was asked to signed a bond for 1 year.During joining formalities i signed a bond with them on stamped paper mentioning if i leave the company before 1 year then i have to pay back 3 months salary to them as compensation.

Now i have got an other better offer from different company and am confused that weather joining the second company will be a breach of bond which i have singed.Do i really have to pay 3 months salary amount as compensation to them?

I have yet not joined the company with which i have signed the bond. My joining date is 2nd week November 2015.

Look forward to hearing from you.

Thanks & Regards,
Wish

2 Answers

0 votes
answered Nov 7, 2015 by Law Helpline India Experts
Dear,

Your bond will be active only after you join the company where you have signed a bond. If your are yet to join the company then you need not worry. Just send them refusal to join the company.
0 votes
answered Dec 5, 2015 by advocateparth
dear,

in this circumtances, you does not worried about bond,

Bond shall come into force after you joined the company,

As per your above stated fact, you have not joined company yet.

therefore you will not bound by bond.
Welcome to Lawhelpline - Online Free Legal Answers in India. Here, you can ask your legal questions and receive answers from Top Expert Lawyers, Advocates, and Attorneys.

Benefit To Lawyers - Lawyers (Advocates) can register account here to increase their clients. They can answer the questions asked by other users. Also, they can post those questions themselves and answer them that are asked frequently. This will make other users to know answers without asking on your behalf. You can put your details (phone, email, experience, expertise) on your profile.

Register Here

Watch Video For Asking Question Here

Google+
...