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Dear [name],
It is with great regret that I must inform you I will be unable to accept your invitation to [name of event] on [state date]. Unfortunately, I now have a conflict due to a change in my....
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Dear [name],
First and foremost, I would like to express my gratitude on the offer of investment. It is greatly appreciated, however, the ongoing economic crisis has taken some grave and visible tolls on many a company.