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Which Company ??
No ,a company cannot refuse to give an experience letter or reliving letter after your termination or resignation as per the labour law this is the complete right of an employee to have an experience letter or a reliving letter after leaving the organization.if company still do the same you can take legal action against them.
Chief
Which company is this?
This should not be a clause , you can leave at any time with proper communication.
And you should read the offer letter before signing.