cooling-off period

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Cooling-Off Period

An interval of time during which no action of a specific type can be taken by either side in a dispute. An automatic delay in certain jurisdictions, apart from ordinary court delays, between the time when Divorce papers are filed and the divorce hearing takes place. An amount of time within which a buyer is permitted to cancel a contract for the purchase of consumer goods—designed to effect Consumer Protection. A number of states require that a three-day cancellation period must be allowed purchasers following door-to-door sales.

A cooling-off period is frequently used in labor disputes. There might, for example, be a period of one month following the filing of a grievance by a union or company against the other, during which neither the union nor the company is allowed to take retaliatory actions against each other.

cooling-off period

a time during which a person can withdraw from a binding contract without any serious penalty. A cooling-off period is not normally available. Such provisions can be found in relation to CANCELLATION of consumer credit contracts, TIMESHARE contracts and DISTANCE SELLING contracts among others.
References in periodicals archive ?
'We will study a suitable 'cooling off period' for our elections, as implemented in other countries.
This issue of losing quality candidates for important defense positions because of a six-month mandatory cooling off period was raised at several military installations around the country, including Oklahomas Tinker AFB and other sustainment centers including Georgias Robins AFB and Utahs Hill AFB.
It is understood that the cooling off period would start once the newly adopted bill is published.
New Delhi: The Committee of Administrators chief Vinod Rai today welcomed the Supreme Court order on mandatory cooling off period for BCCI office-bearers after two consecutive terms and for putting a roadmap in place for the Board's elections.
We spoke to at least three different coaches who were with either of these teams and all oppose the cooling off period.
" It is evident from the guidelines that a cooling off period is required for the re- election to the post of secretary general or treasurer, if either of that position has been held for eight years.
Consumers can no longer be charged high fees for buying online with their debit or credit cards, and the "cooling off period" has gone from seven to 14 days during which they can cancel an order and receive a refund without giving a reason.
The laws says that: | You must be given clear information about the goods or services before you buy; | You must get written confirmation of this information after you have made your purchase; | There is usually a 'cooling off period' where you can cancel your order for any reason; | You can get a refund if items aren't delivered on the agreed delivery date; | If no delivery date is given, you can get a refund if items aren't delivered within 30 days of placing your order.
* The 'cooling off period' for purchases extended from one week to two from date of delivery
The cooling off period and the requirement for estranged couples to get information about the implications will help to save some marriages."
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.
He called for a six-month cooling off period to explore alternatives to redundancies and better statutory redundancy terms, claiming it costs pounds 150,000 on average to make a French worker redundant compared with pounds 5,000 for a UK worker with 20 years' service.