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Read Section 27 of ICA and think if would be enforceable?
If it's a part of your contract, then it's enforceable. U nles s you are able to meet the high threshold of showing duress, misrepresentation etc. (Historically there is very little precedent on employment contracts)
Are notice periods for a period of two months or more for employees legal and enforceable? What is the employee agrees for buyout with the HR but does not pay? Any other remedies for not serving the entire notice period?