I got an initial draft offer letter with a salary breakup. I accepted the same 2 weeks back.The offer letter should provide details on the salary and pay periods. For nonexempt hires, give a brief description of your timekeeping process, break requirements, and overtime pay policies. Use this letter to convey information to a new employee about whom they will report to, job title, starting date and time, rate of pay and classification. In and of itself, an offer letter is not a legally binding document. A sample letter offering a job contingent upon the results of a background check or other criteria. It is unlawful to set wages based on a candidate's past pay history. The answer to your question, regarding whether you can back out of the Offer Letter, is likely "Yes. The answer to your question, regarding whether you can back out of the Offer Letter, is likely "Yes.