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Look for any stipulations about rescinding your acceptance or giving a specified amount of notice should you change your mind. Most contracts won't have any specific clauses about this sort of thing and generally focus on salary levels, confidentiality clauses and responsibilities.
An offer of employment is not the same as a job offer letter. If your employer doesn't need an LMIA to hire you for the job, they need to submit the offer of employment in the Employer Portal. Once submitted, the portal generates an offer of employment number that you need when you apply for your work permit.
Can you back out of the job offer? Yes. Technically, anyone can turn down a job offer, back out of a job already started, or renege on an acceptance at any point. Most states operate with what is called at will employment. This means the employee and the employer are not in a binding contract.
A verbal acceptance doesn't hold as much weight as a written one. Declining the position at this stage likely won't burn any bridges, as long as you express your sincere appreciation for the opportunity and give a good reason for your change of heart.
Verbal job offers are as binding as written offers so where a verbal offer is made, and verbally accepted, a valid legally enforceable contract of employment is formed even though there is nothing in writing.
In general, offer letters are less formal than employment contracts, which typically set terms and conditions of employment that are legally binding. It's also vital for employers to understand that they aren't required by federal law to send an offer letter to new hires.
Some important details about an offer letter are: It is NOT a legally binding contract. It does NOT include promises of future employment or wages. It includes an employment at-will statement.
If you accept a job which is offered to you verbally, you enter into a legally enforceable contract. Thus, if someone offers you a job over the phone and you accept it, you cannot go for another interview, accept another job and then reject the offer you already accepted.
An employer can rescind an offer of employment at any time before a potential employee has accepted it. However once a job offer is accepted and the employment relationship (a binding contract) has been formed, then it can't be retracted even if the employee hasn't yet started work.
A verbal job offer, which is made and accepted formally, is legally binding on both the parties. However, it's a bit more complicated than a written agreement since you must establish the terms of employment at the time of the offer.