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The video tutorial explains how to cancel or void an envelope as the sender in Docusign. Once an envelope is voided, it cannot be unvoided or reactivated, so it is important to carefully consider the reason for canceling. If you only need to change the email address or name of a recipient, you can simply correct the envelope instead of voiding it. To resend an envelope, you will need to create a new one. It is recommended to think about the implications before canceling an envelope.