I’m currently working in the UK on an assignment, and I signed a bond with my company (on a ₹500 bond paper) promising to work in India for at least 6 months after I return. I’m planning to resign and move to another company in Germany. Would this bond be legally binding? If so, what are the steps I need to take to resign without serving the full 6-month notice period? Thanks for your help.

Apni Law
Apni Law
Law Forum › Category: Labour & Service › I’m currently working in the UK on an assignment, and I signed a bond with my company (on a ₹500 bond paper) promising to work in India for at least 6 months after I return. I’m planning to resign and move to another company in Germany. Would this bond be legally binding? If so, what are the steps I need to take to resign without serving the full 6-month notice period? Thanks for your help.
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Apni Law Staff asked 2 years ago

I’m currently working in the UK on an assignment, and I signed a bond with my company (on a ₹500 bond paper) promising to work in India for at least 6 months after I return. I’m planning to resign and move to another company in Germany. Would this bond be legally binding? If so, what are the steps I need to take to resign without serving the full 6-month notice period? Thanks for your help.

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Best Answer

Apni Law Staff answered 2 years ago

While an employment bond is legally recognized in India, the validity of a bond on a ₹500 stamp paper is questionable. It’s crucial to consult with a legal professional to assess its enforceability. To resign, you should formally inform your employer in writing and follow their standard resignation process.

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