Is it good idea to put resignation on the basis of letter of intent?

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From eviden? Absolutely. Even without is a good idea.

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Nope it is not. Why so hurry get the offer then resign

Its definitely a shitty organization buddy. Later of intent is not a offer please get into the mind. Even after giving offer company revoke it and you are thinking to put paper on Latter of intent. Please do not donit
Did you told them like you will join early or something???

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