Is Bond Legal?

Hi Friends,
Employers (Especially middle level orgn.) get contract or Bond signed from the new joinees(Freshers) for 2 or 3 years.
Is this bond or Contract legal?
Regards,
Suresh

Hi
Even I am interested in knowing so.i have recently recieved an offer but they are asking me to sign a bond.and i do not want to do so.though the offer seems good.I feel that if I sign the bond my growth would be stagnated,,,,,,Does this really happen.

Hi all
It is Bond, because their is no point for the company if it is just a clause or a say, I think if the encubent does not serve the bond period he is sent a legal notice or need to pay for the unserved period, this is what i have seen in many companies and even we do it, sometimes it could be the management discretion to relieve the person provided the issue is really serious and genuine.
Regards
Srilatha

HI ALL,
PLS go ahead and sign the bond ...No issues ..company can just recover the training cost etc ... :) Nothing else as per law ...
Regds,
Lakshminarayanan

Friends,
If employee breaks the bond can employer file a case against that employee. Is this valid under law. If valid may i know under which law.
Regards,
Suresh

Hi All,
A bond does not hold any waters as per law and its illegal too.
as per bonded labour abolition act.
where as a contract, and its terms are mutually agreed by the parties and
in a contract a clause must be included for termination of contract by either party. only the training expenses can be recovered by the employee if an agreement has been signed to that effect.
the word BOND will invite only problems...
Rgds
Deepak :shock:

It is a dicey situation. Legally as rightly said by our colleagues that only Training costs can be recovered. But what actually happens.
Most of the Companies put trainees on the job after some initial induction. Very few actually have structured Training programmes. So the Companies which put trainees on the job can only recover initial costs of induction. But when they go to court, they claim that individual was attached to so and so, no work was being taken from him and so and so used to spend at least one hour every day to train the trainee. This way they add up the costs which includes the stipend also.
Companies have lot of resources with them to fight their case whereas individual lacks resources. Ultimately Courts rule that costs have to be paid back in instalments.
So final result generally is that if Company decides to go to Court, individual is forced to pay back money as per the terms of the bond but in instalments.
KKT

I agree with what Krishan says' it s ultimately the company which is going to be the upperhand, if the terms and policies are not followed as disclosed.
Regards
Srilatha

good one
i have also signed bond for 18 monthes when i went to foreign for one month. I served almost 14 monthes, i not resigned, i was absent for 15 days without written information, they send me letter to resume service on one date. I went to rejoin on that said date, they were not ready to rejoin me , asking money of bond, or againg three year bond, i refused, i came back. They continue to send advisory letter, after all in last letter after two months, they declearded my self abandoned service letter, and ask to settle from acooiunts. Till now i not resigned.
Now they have created Fraud resignation lettre, with refernce that fraud letter are claimimng bond amount to return by Advocate notice.
Even after fraud dated resignation letter, i have advisory letter of companies after that dated.,
What they can do legally?
Is it valid?

I was working in one of the IT companies Newway IT company as a software developer. They forced me to sign a service bond for 2 years. After 3-4 months bcoz of unhealthy working condition's.. Also they have not given me copy of bond. In appointment letter also it was written in am in probation period of 6 months. Now they are sending legal Notice and harassing me since i have broken bond i have to pay them Rs 2,00,000. They have not given me any training since I was experienced. Also I have given my resignation and done the handover also. After leaving that company I have not joined any other company. I am still unemployed.
Do they really can go to court as there was no overseas training nothing only induction was there for few hours that too not related to my work profile I have also sent resignation mail and done the handover ?