[Resolved]  Monsterindia.com — One sided Agreements & Payment Issues

While working for a Recruitment Consulting Company, our director had signed an agreement with Monsterinda.com for service of 1 yr database, job posting usage with them and to be paid for the term in 4 installments, split across the term. Towards the payment, instead of Cheques, they got an ECS Signed by our Director. Sometime later due to market trends, we realised we are making huge loss and wanted out of the agreement.

That is when we realised that MOnster india can only stop services to us on non payment, but we cannot stop services and payment, because in the ECS they got signed is irerevocable by us. The agreement is not specific about the exit clause for customer, but only for the company. Is such agreements valid???? They were forcing us to continue usage and cut services after a month. But have issued legal notice asking us to pay them for the agreement term. Is this not harassment? Can some one give us a legal opinion on this action of Monsterindia.com