Hi,
If anyone with some prior experience of this or some legal knowledge could give this a quick read and advise. I would be eternally greatful.
My training contract states under the "Cancellation and Re-registration of student training contract" section:
23. Both parties intend this contract will cease after the completion of 36 months from the start of the contract. It is recognised that during this period, the firm will provide both exam training with professional tutors and periods of paid study and exam leave as referred to in paragraph 12 and 13.
24. It is understood and agreed that if you wish to cancel your ICAEW training contract with us and re-register it with another firm of accountants within the contract period, you will repay to the firm all the costs incurred in providing you with your study material and exam training, exam fees and all paid study leave incurred by the firm during the period of the contract up to a maximum of £6,000.
25. You authorise the firm to deduct the amount due under the above clause from any amounts due to you on your date of cessation of employment including your salary for your final period of work, any accrued holiday pay and other amounts due to you in respect of your employment. If the above amount is insufficient to cover the full amount of the costs incurred by the firm, then any further balance will become due and payable on your last day of employment with the firm. If such balance remains unpaid within a period of 30 days from your giving notice to terminate your contract of employment, then the firm may not be able to provide certificates of suitability required by the ICAEW to register a cancellation of your training contract.
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No where else in my contract is anything mentioned about this. I handed in my notice today and I do not plan to re-register with another firm. However, my boss said I will have to repay training costs back after he's costed them up. I am planning to rely on the fact that as per 24. I am not re-registering with another firm and therefore won't owe anything to my firm. As because I am not re-registering paragraph 24. is null and void and ergo so is paragraph 25.
Any advice would be greatly appreciated.