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STOP✋. BREATHE 👃. RELAX 🧘🧘🧘.
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Yes you can accept any no. of letters before joining
You can resign if you consider company 1 as a backup atleast.. just in case company 2 does not give good offer or changes its mind.. once you get offer from company 2 or anything better in your notice period, let the company 1 hr know. Just don't wait until last moment. Let them know in time.
Hope it helps.
Good luck 😃