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Dear first name last name:

Thank you very much for offering me a position at XYZ Company. Unfortunately, I will not be accepting the role as it does not fit my current career path.

I regret that it did not work out and wish you the very best in finding a suitable candidate.

Your typed name

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Note:  If this is a co-op work term match, once matched with a job, you are obligated to honour the match and work with the employer. Please review and follow all Co-operative Education guidelines.