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Raj   09 August 2016

Starting own business

EMPLOYEE RELEAVED FROM COMPANY WITH FULL AND FINAL SETTLEMENT.NO EMPLOYEMENT BOND SIGNED.CAN HE START HIS OWN BUSINESS IN SAME FIELD.


Learning

 2 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     09 August 2016

in which company and field?

G.L.N. Prasad (Retired employee.)     11 August 2016

If it is not stated in employee's bond (Conditions) and if employee is not using any trade secretets, formalas, software and not trapping the erstwhile employer's customer, there is nothing wrong.  In some senstive companies, the bond states that an employee should not under take employment or business in the same field for certain years after resignation.


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