An Employee Bond Agreement is a contract between the employee and his employer. The agreement states the
pledge taken by the employee that he/she will pay a particular amount to his/her employer if she vacates the
organization before the decided period.
The agreement defines the term and conditions of the employment, roles, and responsibilities of the employee and
employers as well. The law mandates providing this agreement in the early days of employment or no later than two
months from the starting day of employment to the employee. The other term used for this is Employee Non-
Disclosure Agreement.
An Employment Agreement or Employee Bond Agreement is a legal contract between the employee and employer. It
mentioned the rights, roles, duties, powers, benefits, policies, and other necessary things for both parties. It is an
important document that provides guidance to the employee about their rights and policies and also guides the
employer about their roles and responsibilities. The agreement controls the employee’s efficiency apart from their
position in an organization. The organization treats everyone as an employee whether it is the CEO of the company or
any junior executive. So, the agreement plays a crucial role throughout light on their jobs and duties.
Components of Employment Agreement
The agreement has various components which include employment-related terms and conditions. Some of the
components related to employee agreements include –
Employees Job Description
Leave Related Policy
Employment Terms
Employee Compensation
Bases of the Termination
Benefits of the Employee
Dispute Resolutions
Personal Information Confidentiality
Right Intellectual Property
Governing Laws and Jurisdiction
Note: A Service Agreement will be drafted in a situation where an individual is hired on contract for a particular
project and time.
Documents Required
PAN Card
Certificate of Incorporation
MoA & AoA of Private Company
Audited Financial Statements
Audit Report & Board Report
DSC of Director
1. Selection of a Package
The process starts with the selection of a service package by you, after selecting a service package, you need
to fill out some basic forms or you can also connect with our consultants online.
2. Collecting Basic Details
The team will initiate the process by collecting the requisite details and documents from you.
3. Document Drafting
The team will draft a perfect document and send it for your confirmation.
4. Application Submission
After making the needed changes, the application will be submitted by the leagal24by7 team.
Legal24by7 is here to make everything easy for you. If you have any doubts about how to start with the procedure,
we are here to resolve this confusion for you. We will enlighten you about what are the different criteria you must
fulfill & what is the best possible way you can do everything smoothly. For a convenient Employee Agreement, we
have a team of highly skilled professionals and a large network of people who can assist you with every service that
you will need.
An employee agreement is a single binding legal document between the employer and employee. It reflects the roles, responsibilities, goals, and rights of both parties during the employment term.
Limiting Covenants Safety of trade secrets Transparency upon terms of employment Dispute resolution
The employee contracts provide employees with a clear vision and understanding of their roles and responsibilities. It makes it clear what a company expects from the employee.
No, it is not mandatory to provide employment contracts.
Provide than employee insight into his roles and responsibilities. Mention to the employee the laws of employment Describe all the circumstances required to follow by the employees Set goals for both the parties Protect the interest of the employer.
Get connected with the legal24by7 consultants to make an employee agreement.
