Hello guys and girls
i have some very simple questions and need you expertise on this. So, i just got an offer from a very good IB for joining their 2 year graduate scheme. Its a very good opportunity and they sent me the contract which will be here in a couple of days. My questions are:
1) Because i have a summer placement on a local company i might be offered a job there with higher salary than the IB. But i will have signed and sent them the contract by then. Is it legally OK to tell them i will be unable to follow our contract or i may have legal consequences?
2) Lets say i accept their 2 year program and after 6 months i decide to leave the company. Can they penalize me with any kind of legal action or are we free to resign any time we want?
3) How flexible are those contracts that graduate schemes offer? Should i be looking for any traps? Any details that might bite me in the ass if i dont check them?
Thats all mates, i really need your help on this....i would be obliged. This forum rules.
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Need help with contract questions - graduate scheme watch
- Thread Starter
- 05-02-2010 13:24
- 05-02-2010 16:23
You can give notice just like in any other job. However, they can claw back any relocation,etc. bonuses that you have been paid. As far as I am aware if you sign a contract then it is legally binding and you will have to serve the term of notice in your contract as specified. However, as far as I can see I doubt that any company is going to want to pay someone who has submitted their notice before even starting work, so I think they'd let you out of it.
- Thread Starter
- 05-02-2010 17:33
I am new to all this so could you explain what you mean give notice and time of notice? Is this after i start working or before?