DISAVOWAL by God and His Apostle [is herewith announced] unto those who ascribe divinity to aught beside God, [and] with whom you [O: believers] have made a covenant.

A (declaration) of immunity from God and His Apostle, to those of the Pagans with whom ye have contracted mutual alliances:-

Freedom from obligation (is proclaimed) from Allah and His messenger toward those of the idolaters with whom ye made a treaty.

A declaration of immunity from Allah and His Messenger to those of the Idolaters with whom you made an agreement.

[This is a declaration of] disassociation, from Allah and His Messenger, to those with whom you had made a treaty among the polytheists.