Is Employees Bond Legal Or Not

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Expert's Answers(6)

  • Kishan Dutt Kalaskar 40 years Exp (Retired Judge)

    Bengaluru Urban, Karnataka
      187 Client Ratings

    Dear Sir, It is legally subject to Section 27 of Indian Contract Act. But, you should not share signed cheque with any amount otherwise they may encash the same or file a cheque bounce case if you violate any of the conditions. Please give me rank after viewing my details. Please call me for further assistance.

    July 12, 2021
  • Advocate N Karthikkanna

    Madurai, Tamil Nadu
      60 Client Ratings

    employee bonds are legal and enforceable however if there are onerous conditions, then they are illegal.. for further assistance plz book for consultation..

    July 11, 2021
  • Advocate Ankur Goel

    Bangalore, Karnataka
      7 Client Ratings

    Depends on how its drafted. If a lawyer made it then it will be enforceable, if a employer made themselves then it will not be enforceable.

    July 10, 2021
  • Advocate Anik

    Bengaluru, Karnataka
      66 Client Ratings

    If you find my above response useful then please rate it

    July 10, 2021
  • Advocate Anik

    Bengaluru, Karnataka
      66 Client Ratings

    Dear Sir/ Madam, A bond is a valid contract under the Indian Contract Act, 1872 i.e. it must be an agreement enforceable by law. Employment agreement with the negative covenant is valid and legally enforceable if the parties agree with their free consent i.e. without force, coercion, undue influence, misrepresentation and mistake.

    July 10, 2021
  • Advocate Anshul Kulshrestha

    Noida, Uttar Pradesh
      9 Client Ratings

    Employment bonds are employment agreements with negative covenant. Under the Indian Law, the employment agreements with negative covenants is valid and legally enforceable if the parties agree with their free consent i.e. without fraud, coercion, undue influence, mistake and misrepresentation.

    July 10, 2021