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Delete your project
learn how to delete you project
You can delete your project from Project's settings page > Advanced tab > then click on the red Delete button.
Please note that this action is irreversible and you will not be able to restore the deleted project.
If you're looking to create a new project this requires a new license since each license can be used for 1 end product. For more information you can check the Themeforest Licenses from here: https://themeforest.net/licenses/standard