1. #1
    Unregistered

    What are the ways to breach a contract in a company of employment in an IT company?

    I had joined this IBM Company on a bond of 2 years as a software engineer. I have completed 1.4 years in this company. Now my intention is to do higher studies. But there is a clause which says that if I leave the company in middle, I need to pay Rs.20000 as a fine to breach the contract. What should I do in this case? Is there any other way to breach this contract?

  2. #2
    Labournet Law Consultancy Array
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    Oct 2012
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    2nd Floor, Patel Complex, Basin Road, Ernakulam, Kerala
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    Re: What are the ways to breach a contract in a company of employment in an IT company?

    You have no other option available for breaching the agreement. The only option available is to

    pay Rs.20,000/- to your company and leave the job. If you really what to go for the higher

    studies. In my opinion you can wait for another 6 months and complete the bond period. OR you

    can try to negotiate with them and request you to release you by explaining your needs.

  3. #3
    Ashok Array
    Join Date
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    Re: What are the ways to breach a contract in a company of employment in an IT company?

    Quote Originally Posted by Unregistered View Post
    I had joined this IBM Company on a bond of 2 years as a software engineer. I have completed 1.4 years in this company. Now my intention is to do higher studies. But there is a clause which says that if I leave the company in middle, I need to pay Rs.20000 as a fine to breach the contract. What should I do in this case? Is there any other way to breach this contract?
    Dear Aspirant,

    The terms & condsitions for the appointment are framed to be followed by both the employer & employee.When It is mentioned in your appointment/agreement letter to pay Rs 20000/ in case you don't complete the bond period,you have to pay it to the company if you want to leave the present job.Otherwise you have option to complete two years of service in the said company.

    So the situation & take decision.

    Thanks & good luck.

  4. #4
    shivam Array
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    Jul 2012
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    Re: What are the ways to breach a contract in a company of employment in an IT company?

    Yes, the company is absolutely right, as you have signed a contract, and now you are breaking it before completing your notice period. The company also have the full right to take any legal action also against you if you do not pay the lieu amount. I recommend you to please pay this amount and take your experience letter and continue with your studies, or you can complete your contract period. There are no other choice that can be made apart from above two. Personally I suggest you to please take your experience letter by giving the above amount as experience will help you for future growth.

  5. #5
    pritam15551 Array
    Join Date
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    Re: What are the ways to breach a contract in a company of employment in an IT company?

    There are no other options left...
    Just pay for 20,000 and legally leave the job..then go to study further...
    In my opinion you can wait for another 6 months and complete the bond period. Otherwise you
    can try to negotiate with them and request you to release you by explaining your wants..

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