Sungeet Singh (Director) 11 June 2013
I had an agreement with my previous employer, where in we agreed certain points / issues on profit sharing and equity. It is signed on a plain paper.
The agreement was never honored more so now that I am out of company.
Is this agreement valid in court.
I am from Delhi.
Adv k . mahesh (advocate) 11 June 2013
legally speaking it is not valid
and without seening the points mentioned in the paper cannot say and while you are leaving the company thus have you left with relieving letter then no problem
Riddhi Thakkar (Company Secretary and Compliance Officer) 11 June 2013
It definately has no legal validity. However since it is signed, a case will still be admitted as under the Contract Act, the basic definition of a Contract says that a Contract may be oral or written.
But it will not bind the parties to teh Contract to perform it as it is nt a valid document.
prakharved (Medical officer) 12 June 2013
@sungeet
The contract is probably not valid, but you would have to take a legal recourse to prove your point. is there any other evidence to prove such a promise. have you left the company? more details would be required.
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