Consultancy Contract
I have signed a consultancy contract in which it states the below mentioned thing and my question is I have resigned now but my employer is threatening me to join back or else he is saying he will sue me as My mama passed away recently and my mom is severely ill due which I am no longer able to goo back to delhi and resume the work so I resigned and I am from mumbai
This is stated in the contract:
9. Termination
It is the intention of both parties to form a long and mutually profitable relationship. However, due to the nature of the business, the Consultant agrees that Iron Man Lifestyle has the right to terminate the consultancy at will.
Notice Period: The Consultant also agrees that a 60-day notice period shall be served by the Consultant of his intention to terminate Consultancy to Iron Man Lifestyle.
It is agreed by the Consultant that Iron Man Lifestyle shall be spending a considerable amount of time, effort, and money in training the Consultant and therefore agrees that in case the Consultant leaves Consultancy without the agreed 60-day notice period, the Consultant shall be liable to pay Iron Man Lifestyle liquidated amount of Rs. 4 lakhs on account of said expenditure on Consultant’s training.
The Consultant agrees to return all Iron Man Lifestyle property upon termination including all or any physical goods, digital products, any client or company data (without any loss or damage) like hard drives, computers, access to courses, media, digital products, confidential information, login information to various websites, client information, etc. given to the Consultant during the period of the Consultancy, failing which Iron Man Lifestyle reserves the right to take appropriate legal action against you and recover the cost for such damage or loss from any pending compensation due to you from Iron Man Lifestyle.