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Robert Shelley, from Shelley Law, discusses the implications of signing an offer letter without an accompanying employment contract. There are two main scenarios: one where a professional receives just an offer letter and accepts the terms to start working, and another where the employer provides an offer letter to establish basic terms before issuing a formal employment agreement. In the first scenario, the individual typically enters into an at-will employment relationship, indicating that they can leave or be terminated without cause. The video aims to clarify these processes and what they mean for the prospective employee's employment status.