i am intending to join a competitor. in my contract, there is clause for me not to join the competitor but there is no indication of how much the penalty is. my company said its 2-3 months fine. Can a company just place any amount which in the first place?
to post the answer.
SUCH CLAUSES ARE VERY HARD TO ENFORCE AS A RESULT OF WHICH ACTION IS RARELY TAKEN AGAINST EMPLOYEES. IN ANY EVENT, IT IS GOOD TO TAKE A LOOK AT THE AGREEMENT AND WE CAN PROVIDE CONSULTING ON THAT. PLEASE CALL MR SUBRA AT 93834205 OR EMAIL : email@example.com