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cooling off period |
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cooling off period A time period within which a person may change his or her mind about a contractual agreement and cancel it without penalty.The right must be granted within the contract itself or by virtue of consumer protection statutes because it does not exist at common law. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The new Practice Notice brings Canadian practice more into line with European opposition practice by making available a cooling off period to allow the parties to negotiate a settlement. If you have not signed agreeing to receive goods or services within the cooling-off period, you can cancel any time within the cooling off period and pay nothing. This is called the cooling off period and it is very useful for lots of reasons. |
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