What are the implications of violating a bond or an agreement that I have signed with a company during placements?

Hi, It depends upon the clause(s) has mentioned in said bond and agreement. Some of the companies they prepare this kind of agreement/bond by taking help of their internal/external legal bodies. In that case those agreement stands strong in order to breach this. It's important to read between the lines and implication to breach this. If you are not sure then you may take a help of legal adviser. If you breach or violate any MNC's bond or agreement then it would effect your career in short and even long term because you will have a Nasscom ID and it badly effects your reputation.

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At the time of placements, companies sign a bond with the student in which general things are written, but it varies from company to company. In general, few things are written in the bond such as medical fitness and the man who offers placement, checks the medical fitness of the student. In the bond, things like salary details and details regarding the increment cycle are mentioned along with other things. After the placement, a student has to summit the bond to the college and in the given time if they agree with the bond then they can sign it and if not then no problem they reject the offer but if they sign the offer then company gives a duration in which you have to join the company in the preferred location and the agreement of job is minimum of 3 years and after this one can leave the job, but in case if student does not wish to join the company or join the company and leave the company before decided time then student has to pay a penalty of 1 or 2 lakh rupees and after this company blacklists this candidate and in future if this candidate again comes for a job then he or she is not eligible to get a job in the particular company.

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Breaking a bond isn't really recommended. If you break the bond and do not pay the amount; you are at a risk of legal action. Most of the times, the big corporates won't bother - but you can't take them for granted. Big IT companies have a lot of cash and dedicated lawyer teams to take care of all the legal aspects. Think of the whole scenario from the company's perspective. They've invested a lot of money in training you for 3-6 months and all of a sudden you decide on leaving the company for better prospects. What does that leave the company with? Why should the company bear the cost of training you, while paying you salary? I have friends who've broken the company bond; got a legal notification from the company and they were brave enough just to ignore it. However, if the company decides on following and sticking to the course of legal action against you then you can get screwed. Be 100% sure about what agreements you are signing. In all practical terms, the companies will seldom take action and 'blacklist' you with NASSCOM. I don't think any such thing really happens. No company would have a personal vendetta against you that they will block you from joining other company.

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