can I break the employment bond without paying the bond amount as there is no stamp on the bond paper
2 years ago
I have signed a bond with my company for 6 months as I am an intern but now I want to leave my company but I am stuck there with this bond, can I break the bond without paying the bond amount as there is no stamp on the bond paper and its simply on the company latter pad.
A.Hi, for a bond to be enforceable, it must be executed on stamp paper of appropriate value. If that is not the case, it cannot be used against you and the company cannot come after you legally. If you found this helpful, please rate me.
Helpful
Helpful
Share
Sanjay Kumar Jha
Responded 2 years ago
A.Dear client,
Yes, you can do. The stamp duty required for the legal bond paper , so signing the bond on letter head without stamp paper will make so much of difference. The employment bond is kind of illegal and is considered as bonded employment which the courts will allow the employer take benefit of the same. Employee is free to join or quit the same, hence You can break the bond but the employer will keep troubling you byvway of money recovery suit if employer has invested on you or you got training on their cost. Finally if there is no any investment on you for purpose of job you may shut the door and enjoy another job in ur hand.
Yes, you can do. The stamp duty required for the legal bond paper , so signing the bond on letter head without stamp paper will make so much of difference. The employment bond is kind of illegal and is considered as bonded employment which the courts will allow the employer take benefit of the same. Employee is free to join or quit the same, hence You can break the bond but the employer will keep troubling you byvway of money recovery suit if employer has invested on you or you got training on their cost. Finally if there is no any investment on you for purpose of job you may shut the door and enjoy another job in ur hand.
Helpful
Helpful
Share
A.They can pay the stamp duty required for the bond and the penalty to make it legal from stamp duty point of view so signing the bond on letter head or stamp paper will not make so much of difference. The employment bond is kind of illegal and none of the courts will allow the employer take benefit of the same. You can break the bond but the employer will keep troubling you so better go for amicable settlement
Helpful
Helpful
Share
Read Related Answers
Dates overlap in EPFO
Dear Client,
You need to make sure your date of birth (DOB) details are the same in the Employees’ Provident Fund (EPF) records and the Aadhaar database. If there is a mismatch then, when you make an...
Pf exit date
Dear Client,
Since you have absconded from a workplace ie left the work without a proper notice you have breached the employer - employee contract and the employer has all right to withhold your righ...
Employer is charging for short notice fall
Dear Sir
Please approach the following authority or similar authority in a state
The Office Commissioner of Labour
Karmika Bhavan, Dairy Circle,
Bannerghatta Road, Bangalore-29.
080-29753078
labou...
company bond breakage
Dear Sir,
If you are not in need of experience certificate and relieving letter then you need not bother about their claim and bond otherwise you have to oblige to serve three years bond period.
need help on following terms to be understand
Dear Client,
From the contents of the letter issued by the company accepting your resignation, it appears that the same is correctly written and there is nothing contradictory to the interest of an em...
Read Blogs on IT Contracts
Find Lawyers by Location
