No! I do not have binding contract with the candidate because, hiring a regular employee is always subject to the verification of the candidates background which goes through the process called back ground verification check (popularly known as BGV checks) Especially, when the owner of the company hires a Chief Financial Officer, all the terms and conditions that are subject to verification of the back ground records will be mentioned in the offer letter. Mere offer letter or acceptance of the offer letter doesn’t bound to be the full appointment of the candidature. Hence, if the back ground verification checks prove that the candidate is convicted due to the criminal offence, his offer letter will be void and an action can be taken against the candidate and the offer letter can be rejected.
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