Bond by an employee for not engaging himself with a Competitor
| Updated at | March 2010 |
BY THIS BOND Mr. A residing at... binds himself to pay to Mr. B the sum of Rs...
as liquidated damages.
WHEREAS A is a qualified chemist employed by B in his factory manufacturing some pharmaceutical products or medicines viz.................. and in the course of employment Mr. B may come to know the secret formulae adopted by B in the manufacture of such products.
AND WHEREAS As a term of employment A has promised to B not to misuse his position by disclosing to any person the knowledge...
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