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The landmark case Toshniwal Brothers (Pvt.) Ltd. vs Eswarprasad, E. and Others, decided in 1996, describes the legality of employment bonds in India.It holds that under the Indian Contract Act, 1872, contracts requiring an employee to pay a bond if they prematurely resign their employment are legal and enforceable, at least in cases where employers pay expenses like training for the employee. [2]
The bond penalty is subject to full or partial forfeiture if the winning contractor fails to either execute the contract or provide the required performance and/or payment bonds. The bid bond assures and guarantees that, should the bidder be successful, the bidder will execute the contract and provide the required surety bonds .
Scribd Inc. (pronounced / ˈ s k r ɪ b d /) operates three primary platforms: Scribd, Everand, and SlideShare. Scribd is a digital document library that hosts over 195 million documents. Everand is a digital content subscription service offering a wide selection of ebooks, audiobooks, magazines, podcasts, and sheet music.
Created Date: 8/30/2012 4:52:52 PM
Treaties concluded or ratified by the Philippines. Where appropriate, articles should be placed in the subcategories. Where appropriate, articles should be placed in the subcategories. This category may contain articles about treaties concluded or ratified by the Philippines since 4 July 1946, which is the date of the establishment of the ...
A Southern California business owner convinced victims to invest in his companies, claiming he could detect Covid-19 based on video, and then made lavish purchases, prosecutors said.
Get the Sheet-Pan Miso Chicken & Sweet Potatoes recipe. PHOTO: MURRAY HALL; FOOD STYLING: TAYLOR ANN SPENCER. Baked Spaghetti. While I could never get tired of classic spaghetti with homemade meat ...
A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of good faith money , intended to secure a futures contract , commonly known as margin .