Indemnity deed

Such bonds are not illegal, provided that the company have send the employee to that place, imparted him the said training. Such bonds are taken to secure the expenses incurred by the company in giving training to its employee that was given with the intention that the employee shall use the training for the benefit of the company. And if the employee leaves the company for some other lucrative job after completion of the training, the company should be indemnified. So, if any employee commits breach of any rule or breaks any condition of the bond then, he'll have to pay the bond amount.

Thanks Archana for your reply.

I agree with your mentioned concern but don't you think that view of the court of the law is baised towards the comapny( employer) as this will be an single sided bond/deed with no commmitment from the employer side. In case, if in future the employer make the life of the employee a hell and presurzie him to resign , then in that case once again employee has pay as well as resign

Please reply

In such situations I would advise that it'll be safe for the employee to give legal notice to the company mentioning the harrassment he is facing in detail and how it is adversely affecting his life and carrier requesting the management to take some steps to cure the same else he shall be forced to resign with no fault on his part. And if still the harrassment persists then resign.

whatever is archana said is right, you can't say its one sided bond. if you look into some considration is there. this deed is legaly enforceable and in violation employer can recover same amount throug court of law.

Dear All,

thanks a ton for your replies but I had find an enclosed article on web which on is also on the same topic that we are discussing. As I belong to different profession/ educational background. I request you to please through some light on the various section of law