Help needed.
I have signed a bond with a IT company on company letter heaad for not joining client for 2 years after completing my onsite assignment and work for six months once I return to india. But now client and my company has some issues and client want me to join them on their payroll. bond says pay damages of 25000 US dollar if i breach the contract. but there is no legal agreement between my company and client right now. The bond signed is in india and I am working out of india.
i want to know does such bond holds any legal value in this scenario. can I leave by resigning without any notice period.
please let me know what should I do.
I have signed a bond with a IT company on company letter heaad for not joining client for 2 years after completing my onsite assignment and work for six months once I return to india. But now client and my company has some issues and client want me to join them on their payroll. bond says pay damages of 25000 US dollar if i breach the contract. but there is no legal agreement between my company and client right now. The bond signed is in india and I am working out of india.
i want to know does such bond holds any legal value in this scenario. can I leave by resigning without any notice period.
please let me know what should I do.