help needed... H1B issues!

[arj1980]

Hi Seniors,

I am working for a company X from Jan 2006 with a sal of 45k/anually with the following
commitements to the comapny X.
1. Signed one contract agreement for 3 years.
2. breach of contract duration is around 50k$
3. notice period is 2 months.
4. also made to sign a demade note worth of around 50k$ in the event of breach.


I got a good offer and I am ready to transfer my H1B to another company Y.
My queries are:

in the event of my breach;
what should I do? Will the Company X sue me even after me giving the notice
period of 2 months.?

Is this kind of contract/bond valid?

please advice me.

regards,
arj.

[leifbooger]

there is never any bond for employment. Most employers make you sign legal papers which say that since they have provided you training which cost them $50,000 you need to pay it back if you decide to leave the company before 3 years. If its a small company, most probably they will file a lawsuit against you since you are probably 10% of their income. Easy way is to tell them you are moving back to home country and then move to another state. And never ever sign any contract papers again.