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Cooling-Off Period
COOLING-OFF PERIODAn 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 whendivorcepapers 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 effectconsumer 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. |
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"Cooling-Off Period." West's Encyclopedia of American Law. 2005. Encyclopedia.com. 30 May. 2012 <http://www.encyclopedia.com>. "Cooling-Off Period." West's Encyclopedia of American Law. 2005. Encyclopedia.com. (May 30, 2012). http://www.encyclopedia.com/doc/1G2-3437701139.html "Cooling-Off Period." West's Encyclopedia of American Law. 2005. Retrieved May 30, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1G2-3437701139.html |
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cooling-off period
cool·ing-off pe·ri·od • n. an interval during which two people or groups who are in disagreement can try to settle their differences before taking further action. ∎ an interval after a sales contract is agreed upon during which the purchaser can decide to cancel without loss. |
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Cite this article
"cooling-off period." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. 30 May. 2012 <http://www.encyclopedia.com>. "cooling-off period." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. (May 30, 2012). http://www.encyclopedia.com/doc/1O999-coolingoffperiod.html "cooling-off period." The Oxford Pocket Dictionary of Current English. 2009. Retrieved May 30, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O999-coolingoffperiod.html |
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