I’m working under a 3-year bond agreement with my current company. I signed it when I joined. Now, I want to leave. The bond amount is Rs. 3 lakhs. How much trouble could I get into legally?
1 Answers
Best Answer
Under Indian law, your employer can claim the bond amount if you leave before the stipulated period. However, they must prove they incurred a specific loss due to your departure. If you can demonstrate that your departure didn’t cause any loss, you might be able to negotiate a reduced payment or avoid it entirely.
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