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// For complete examples and data files, please go to https://github.com/groupdocs-watermark/GroupDocs.Watermark-for-.NET
using (WordsDocument doc = Document.Load<WordsDocument>(Utilities.MapSourceFilePath(FilePath)))
{
    // Replace hyperlink
    doc.Sections[0].Shapes[0].Hyperlink = "https://www.groupdocs.com/";

    // Remove hyperlink
    doc.Sections[0].Shapes[1].Hyperlink = null;

    doc.Save();
}