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This document is an undertaking and guarantee related to the training and employment of an individual by L&T Technology Services Limited (LTTS). The individual agrees to serve LTTS for a minimum of two years and nine months, undergo training at LTTS's expense, and pay liquidated damages of Rs. 200,000 in case of breach of this agreement. Additionally, the guarantors undertake to pay the same amount if the trainee defaults, and any disputes will be resolved through arbitration in Mumbai.

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0% found this document useful (0 votes)
3 views

agree

This document is an undertaking and guarantee related to the training and employment of an individual by L&T Technology Services Limited (LTTS). The individual agrees to serve LTTS for a minimum of two years and nine months, undergo training at LTTS's expense, and pay liquidated damages of Rs. 200,000 in case of breach of this agreement. Additionally, the guarantors undertake to pay the same amount if the trainee defaults, and any disputes will be resolved through arbitration in Mumbai.

Uploaded by

yashavanth N
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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UNDERTAKING

Date:
To,
L&T Technology Services Limited,
L&T House, N. M. Marg
Ballard Estate, Mumbai 400 001.

Dear Madam(s) / Sir(s),

In consideration of L&T Technology Services Limited (“LTTS”, which expression shall be


deemed to mean and include its subsidiaries / associate / group companies, successors in title
and assigns),
having agreed to appoint / appointed me in LTTS as ______________ w.e.f. ________ 2025,
inter alia on the terms and conditions contained in the Letter No. ______________________
dated __________ addressed by LTTS to me, and in further consideration of your having agreed
to impart training to me, I Mr. / Mrs. / Miss. ____________________________________,
son / daughter / wife of Mr. _________________________________________, aged about
___ years, having my permanent address at _______________________________________
________________________________________________________________ and presently
Residing at _________________________________________________________________
_________________________________________________________ do hereby state as
under:

1. I agree, accept, confirm and declare that:


a. LTTS has made above mentioned offer for appointment and training /
employment inter alia based on my covenant and undertaking to serve LTTS for
a period up to Two (2) years and Nine(9) months, including classroom training,
from date hereof; Further I agree that though I have academic knowledge
required for the said offer, I do not have the required technical training or the
required level of management and communication skills essential for
performance of duties of the said post. LTTS has therefore at its cost agreed to
provide training to me for an initial period of up to 15 months of my
employment.
b. The training / employment involves considerable expenditure – direct and
indirect, financial and unliquidated, related to faculty, domain expertise, computer
time, support facilities, learning materials, salaries /stipend and other allowances
while I am under training / employment.
c. This training / employment will substantially improve my professional standing
and is being imparted by LTTS at considerable expenditure as an investment in
me as a future resource for LTTS.
d. The expenditure involved in my said training is several times in excess of the
amount of the liquidated damages.
e. I have given this undertaking and indemnity of my own free will, after having
fully understood the contents and the consequences, legal and/or otherwise, that
will flow as a result of breach on my part of this undertaking & indemnity.
f. I shall, during the period of my training/employment with LTTS, honestly,
faithfully, diligently and efficiently utilize and devote my skills and ability,
exclusively for the business and affairs of LTTS and shall not be engaged in any
business or profession, directly or indirectly in any capacity either full time or part
time outside of LTTS. I shall not commit any act or omission that may expose
LTTS to any kind of liability whatsoever.
g. LTTS has at all times lien over and the authority of appropriating towards the
recovery of the sum mentioned herein below, any and all the amounts receivable
by me from LTTS by way of salary, arrears of salary and all other types of
remuneration, allowances and terminal benefits.
h. LTTS will issue the exit documents to me only after completion of the handing
over process duly and diligently, submission of all official documents and
materials in my custody or possession to the satisfaction of the officer/s
authorized to take over.
i. In the event that I terminate my training/employment prior to the expiry of the
minimum period, LTTS shall be entitled to specify the fact that I have not served
full term of training/employment in the exit documents to be issued to me by
LTTS.
j. If in future, I am made to go through any additional specialized training, during
my employment in the said 15 months training period, I hereby undertake to sign
any further covenants that are reasonably required by LTTS in this behalf.

2. I do hereby agree, confirm, undertake and covenant with LTTS as follows:


a. I shall remain in the training/employment of LTTS for a period of up to Two (2)
years and nine (9) months from the date hereof, and shall not leave, abandon,
resign, terminate, or give cause for termination, for any reason whatsoever during
the said period. Notwithstanding the above, I acknowledge the right of LTTS to
terminate my training/employment for any reason whatsoever whether with or
without notice, at LTTS’ sole discretion.
b. I shall keep confidential, shall not divulge and /or prevent divulgence of any and
all information, instruments, documents, etc., that might come to my knowledge
during the continuance of my training / employment with LTTS.
c. In case I commit breach of this Undertaking in general and / or any
covenants/termination by LTTS, as provided in Clause (2-a) in particular, I shall
upon demand, without demur or protest, forthwith pay to LTTS a sum of
Rs.200000/- (Rupees Two lakhs only) as liquidated damages, which I
acknowledge and accept to be a genuine pre-estimate of the damages that will be
caused to LTTS as a result of breach/default on my part thereof and LTTS shall,
without prejudice to its rights, be entitled to receive the same. The above amount
of Rs.200000/- (Rupees Two lakhs only) shall constitute a debt owing by me to
LTTS and shall be recoverable by LTTS with interest thereon @ 18% per
annum, from the date of demand by LTTS till repayment thereof by me.
d. Without prejudice to my obligation to pay the liquidated damages to LTTS as
above, in the event of my leaving, abandoning, resigning or otherwise terminating
or giving cause for termination of my training/employment prior to the
completion of the minimum period of two years from the date hereof, I shall not,
directly or indirectly, engage in or carry on either on my own accord or otherwise
or serve in any capacity with any person, firm, or company, carrying on business
in India which is similar or substantially similar to the business carried on by
LTTS for the unexpired period out of the said period of two years.
e. I shall sign all such papers, documents and /or powers of attorneys/letters of
authority as may be reasonably required by LTTS in this behalf.

3. Dispute Resolution:
Any dispute or difference arising in connection with the training/employment or under
this undertaking and indemnity shall resolved by reference to arbitration by a sole
arbitrator appointed by LTTS at its sole discretion. The arbitration proceedings shall be
governed by the Indian Arbitration & Conciliation Act, 1996. The language of arbitration
shall be English. Each of LTTS or the Trainee/Employee shall respectively entitled to
approach the Court of competent jurisdiction for such interim reliefs as LTTS of the
Trainee/Employee may in its discretion deem fit. The venue of arbitration shall be at
Mumbai or such other place shall have exclusive jurisdiction. The award of the arbitrator
shall be final and binding on the parties. The governing law shall be the laws of India.

4. I, pursuant to this undertaking and in the premises, hereby indemnify and agree to keep
indemnified LTTS, its Directors, Officers, Employees, agents, its successors and assigns,
of, from and against any/all, losses, cost including actual legal costs, damages, demands,
claims, actions, proceedings charges and expenses, that LTTS or any of them may suffer
or incur or account of any action, legal or otherwise, having to be taken or being taken
against myself by LTTS in the event of breach on my part of any of the conditions
contained herein and/or under the said letter no. ______________________________
Dated________________ addressed by LTTS to me.

5. Address for purpose of service: As appearing herein above.

Yours sincerely

Signature
GUARANTEE

This deed of guarantee made this ____ day of _______________ 2025.

In consideration of L&T Technology Services Limited having its Registered Office at L&T
House, N. M. Marg, Ballard Estate, Mumbai – 400001 (“LTTS”, which expression shall be
deemed to mean and include its subsidiaries / associate / group Companies, successors in title
and assigns), having agreed to appoint/appointed
Mr./Mrs./Miss.________________________________________
(hereinafter referred to as ‘Trainee/Employee’) as ________________________ w.e.f
__________, in LTTS, on the terms and conditions contained in LTTS letter no.
_________________________ dated _________________ (‘the said letter’) to the
Trainee/Employee;

And in consideration of the fact that, in accordance with the terms and conditions of the said
letter, the Trainee/Employee has furnished an undertaking dated _________________
(undertaking), agreeing inter-alia to pay to ’LTTS at Mumbai, a sum of Rs.200000/- (Rupees two
lakhs only) as liquidated damages, in the event of failure/default on the part of the
Trainee/Employee to perform his/her obligations, contained under the said letter and/or the
Undertaking.

NOW THEREFORE

1. I/We, Mr./Mrs./Ms. ________________________________________ and


Mr./Mrs./Ms. _____________________________________________________ do
hereby jointly and/or severally, absolutely, unconditionally and irrevocably undertake and
guarantee to pay forthwith to LTTS at Mumbai, upon demand by LTTS without any
demur or protest, the said amount of Rs.200000/- (Rupees two lakhs only) as liquidated
damages.

2. The above amount of Rs.200000/- (Rupees two lakhs only) shall constitute a debt owing
by me/us to LTTS and shall be recoverable by LTTS with interest thereon @ 18% per
annum, from the date of demand by LTTS till repayment thereof by me/us.

3. I/We agree and confirm that any such demand made by LTTS on me/us, by a written
communication at the address given hereunder shall be conclusive as regards
default/breach having been committed by the Trainee/Employee of his/her obligations
and I/We shall not require/be entitled to require any further proof of these facts.

4. That this guarantee is absolute and unconditional and shall be enforced by LTTS against
me/us without any correlation with LTTS’ remedies against the Trainee/Employee,
irrespective of any dispute or difference as to any liability of Trainee/Employee pursuant
to the said letter and/or the Undertaking or otherwise.

5. No relaxation waiver shall in any way impact my/our liability and this guarantee will be a
continuing guarantee and will continue to be binding notwithstanding the death,
insolvency, lunacy or any incapacity or liquidation or dissolution (as the case may be) of
the Trainee/Employee or the guarantor/s.
6. I/We agree that LTTS at its option, shall be entitled to enforce this guarantee against
me/us at the first instance without proceeding against the Trainee/Employee.

7. I/We, in the premises, hereby indemnify and keep indemnified LTTS, its Directors,
Officers, employees, agents, its successors and assigns of, from and against any/all,
losses, cost including actual legal costs, damages, demands, claims, actions, proceedings
charges and expenses, that LTTS or any of them may suffer or incur on account of any
action, legal or otherwise, having to be taken or being taken against me/us by LTTS in
the event of breach on my/our part of any of the conditions contained herein.

8. Any dispute or difference arising in connection with this guarantee shall be resolved by
reference to arbitration by a sole arbitrator appointed by LTTS at its sole discretion. The
Arbitration & Conciliation Act, 1996. The Language of arbitration shall be English.
Either of the parties shall be respectively entitled to approach the Court of competent
jurisdiction for such interim reliefs as the parties may in their discretion deem fit. The
venue of arbitration shall be at Mumbai or such other place as LTTS may in its sole
discretion decide and Courts at Mumbai or such other place shall have exclusive
jurisdiction. The award of the arbitrator shall be final and binding on the parties.

9. The governing law shall be the laws of India.

10. Address for purpose of service: as appearing herein below:

DETAILS OF FIRST GUARANTOR

Mr./Mrs./Ms.________________________ PHOTO to be affixed

Address:-

Relation with the person selected for Training/Employment: _____________________

Permanent Residential Address Company Name, Address & Designation

Tel. No. 1. Tel. No. 1.


2. 2.

(Signature of First Guarantor)

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