In NJ, can an employer have charge a financial penalty if a employee quits?

[ghurty]

An employer makes employees sign a 2 year contract every two years. In the contract it states that if the employee leaves during those two years they need to pay a $10K penalty. The employer is not investing anything in the employee (such as education or training). Is this legal in New Jersey? Thanks

 

[cbg]

When you showed this document to a contract attorney in New Jersey, what did he say?