You will be bonded for a period of three(3) years. If you resign during the bond period, you will need to give notice of six(6) months. If shorter notice is given, you will compensate XXX Company for the period by which your notice is short by paying to XXX Company the equivalent amount based on your last drawn salary. This will be on top of the twelve(12) months salary that is payable for breaking your bond. If you resign after the period bond, notice period shall be three(3) months or payment in lieu of notice.
The above is the bond that stated in my offer letter. My friend who are legal manager say this bond may not workable in Industry court.
You didn't say they bond you for what. Do they have to incur great expenses for, (for example) sending for training and so on? Anyway, the terms seem to be very steep. Think twice before you sign it or consult a lawyer before you sign it in order to avoid legal complications in future.
So, they are binding you for nothing. I think it is going to be difficult for the employer to enforce it in court. I am unable to give you legal advice, ask a lawyer friend of yours about its implications.
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