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A job offer letter isn’t always a legally binding document. As an employer, you can terminate the employment offer at any time.
Generally, there’s no legal reason to notarize a job offer letter. This is true of all 50 states. However, you may want to check with a notary public if your particular situation is out of the ordinary.
In short, yes. The person that you offer the job to can always choose to negotiate. Depending on how badly you want to hire the person, you can amend the document to reflect newly negotiated terms and details. Of course, you also have the right to leave the offer as is and not entertain negotiation.
The primary difference is that signing the latter comes with legal consequences. If any part of an employment contract is breached, one party has the right to sue the offending party.