Bond for Contractual Employees

Good day!
I would like to seek legal advice. I am a contractual employee in a company for more than 10 years. I have informed my intent to resign effective in a few months. My main issue is that we were asked to sign, along with my colleagues who are also contractual employees, a bond stating that for the training we underwent, we have to stay with the company for 2 years. We will be paying an amount if we will be resigning prematurely. I signed the contract against my will. I stayed with this company as a contractual employee because I want to be able to resign freely. These along with other conditions were stated in the contract we signed. Would I be able to resign without paying the bond, that is, will the company have a strong case should they file a case against me given that I am not a regular employee? I don't receive pay slips nor do I have any benefits from the company. I know I can leave anytime but I don't want any legal issue with the company.

by benefits do you mean SSS and philhealth etc? you can file a complaint for that but that doesnt negate your liability for breaking the contract. the company has a strong case against you. i would try and negotiate a lesser price that both parties can live with

May I know what to expect in a binding contract? I am not quite sure if what I signed is indeed a contract. My immediate concern is the bond that they are requiring me to pay if I prematurely resign.

Sorry but I meant if I resign.

all contracts are binding as long as both parties agrees to it. If you sign the contract, you agreed to it and should honor what is stated there. If you resign, then you are bound to pay the bond