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PPO Contingency Clause
The continuation of this offer is subject to the prevailing circumstances and the overall condition of Dobby Ads at the time of your anticipated hiring date. In the event that there are substantial changes in the company's circumstances, we reserve the right to withdraw or modify this offer. It is important to emphasize that, should such changes occur, Dobby Ads will not assume financial responsibility or liability for any related implications or losses.
Just looking at the clause, 'in the event there are substantial changes in our company's circumstances' has no relation to the candidate's circumstances - even a long reach to include the continually postponed exams as a 'circumstance' would not hold up. The entirety of the clause has Dobby Ads as the subject, so no, based on this alone, there is no way voidance can be done. Your in house lawyer has shafted you with this clause.
Technically you can do whatever you want to since you lot are based in NY and not India, but at least contact the admin of the college by getting their number from google or college website and confirm if the continuous delays have happened. Pro tip: if under a state university or an NLU, such delays in final exams don't happen.
The two things in one sentence is insane. Law aside, Karma is a thing bro. Be humane