Legal Question in Employment Law in India
Cancellation of agreement
We are making a hydro Prject. meanwhile, we made an agreement with trade unions regrading increase in salary on hard living conditions of workers. now we, (both trade union & company) wish to cancel the agreement. Please let us know the process to terminate the agreement under Industrial Dispute Act , 1947
1 Answer from Attorneys
Re: Cancellation of agreement
1. I want to know whether there is any clause in the original agreement for cancellation by mutual agreement.
2. If so, both the parties can enter into a fresh agreement cancelling the original agreement entered into duly stating the reasons for wuch cancellation.
3. If there is no clause for cancellation in the original agreement, a fresh agreement may be entered into by both the partities and a clause may be added that the fresh agreement superseeds the earlier agreement and no cancellation of the earlier agreement is necessary.
4. If you want further clarification pls mail the earlier agreement entered into and the new terms and conditions of fresh agreement to [email protected].
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