What are the consequences of breach of employment contract?

I want to know the consequences of breach of contract. I am a fresher and had joined a company where I signed a bond(2 years + 6 months training). But I skipped the bond and sent them a resignation letter stating that I will not be able to render my services.If I breach the contract then I have to pay Rs. 60,000 to the company.It was not on any bond paper,I had signed the contract on a sheet. I want to know whether the company can take any legal action against me for breach of contract ?

Answer (1)

Team Legistify

  • Sector-1, Noida
Even if it is not on the stamp paper the company can proceed legally. The stamp duty along with penalty will be paid in the court while filing a suit. Your company is having every right to initiate action on you.

Answered on 28 Sep 2018


Was this answer helpful?

Yes   No

Didn't find the answer you are looking for?

Talk to experienced lawyer online and get your answered in minutes.

+50