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You're going to be able to terminate this arrangement with no recourse. In order to have a binding agreement, there must be a full accord and satisfaction on all the terms and conditions of the contractual arrangement. If you had a proposed agreement which was never finalized, it clearly indicates that there remained issues yet to be resolved between you. As a result, there would have been no full accord and satisfaction between you and thus no binding contractual arrangement. Therefore, you can terminate the prospective arrangement.
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