Rejecting a Third-Party Agreement
You can reject an agreement, canceling it, when the deal with the third-party entity drops. You can perform the cancellation from the Distribution Management user interface.
Follow these steps to cancel the agreement:
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Select an agreement in Draft (or Version Draft) status.
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Change its status into Canceled.

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Click Yes to confirm your action.
If Distribution Management performs all the validations successfully, then the current status of the agreement changes to Canceled.
NOTE
You can't further use a canceled agreement. Create a new agreement, if you need to.
You can't further use a canceled agreement. Create a new agreement, if you need to.