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Minimum cooling off period.


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This is a clause written into a long term contract (normally when exetending more than a year) when people "AGREE" to it - to be able to get OUT of the contract without penality (ie: they don't have to pay or get a full refund or credit). There is many laws in effect but they vary with the country and state/province and as well as there is a BIG differnce if this is between two or more businesses or between a business and a consumer. Best to talk with a local Lawyer on a "15 MIN" free consultation (even by phone) - just to see if it even applicalbe with what your doing. If so find out what is the min cooling off time.

 

Any "contract" should setout how ether party can cancel or get out of these contracts (plus stating the costs/penaty to do so) if any side want to. This is not the "COOLING OFF" clause - but it could be a part of it, all of it or none.

 

 

Note: A true CONTRACT needs to be SIGNED by both parties. A fax or photo copy or other digital things may or may not hold legal water (so to say). Your BEST to get an orginal signed (in ink perfered - no crayon please :twisted: ) copy and file that where it will not get lost or destroyed :wink: .

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