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<blockquote data-quote="FedEx2000" data-source="post: 822693" data-attributes="member: 13621"><p>Is any contract that you have ever heard of binding when done verbally? It's the signature on the paper that matters. Just b/c the hiring manager hadn't contacted your existing manager yet, doesn't mean they weren't going to. Did you back out the day after you sent the signed letter back, or a week or two later? </p><p></p><p>And just to clarify for anyone that may be unsure here, the penalty only applies when there is a signed offer letter involved. If you get an offer letter and choose not to sign it, sign the "I Decline This Offer" line, or withdraw in JCATS there is no penalty.</p></blockquote><p></p>
[QUOTE="FedEx2000, post: 822693, member: 13621"] Is any contract that you have ever heard of binding when done verbally? It's the signature on the paper that matters. Just b/c the hiring manager hadn't contacted your existing manager yet, doesn't mean they weren't going to. Did you back out the day after you sent the signed letter back, or a week or two later? And just to clarify for anyone that may be unsure here, the penalty only applies when there is a signed offer letter involved. If you get an offer letter and choose not to sign it, sign the "I Decline This Offer" line, or withdraw in JCATS there is no penalty. [/QUOTE]
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