I have an offer from a French bank in Paris (expected start in Q2/3), but I'm still in the process with another firm in the Netherlands.

What are the consequences of signing with the French bank and then reneging in a month or so if I get the other offer?

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Pretty sure them reaching out to other companies without your consent is illegal

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Burning bridges with the French bank

That's all, right?

There's no way they will check with my current employer if I have submitted my resignation or tell other future employers to blacklist me. Right?

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