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cooling-off period
noun
a period arranged by agreement to allow for negotiation and an abatement of tension between disputing parties.
The law calls for a cooling-off period before a strike can begin.
cooling-off period
noun
a period during which the contending sides to a dispute reconsider their options before taking further action
a statutory period, often 14 days, that begins when a sale contract or life-assurance policy is received by a member of the public, during which the contract or policy can be cancelled without loss
Word History and Origins
Origin of cooling-off period1
Example Sentences
Unlike consumer contracts, there is no cooling-off period for business-to-business contracts in the UK.
It would require a one-year cooling-off period before an employee of the state government’s executive branch could be appointed to the commission.
"I haven't got my divorce certificate yet, because the law has a cooling-off period and we are now in that period."
While consumer law gives individuals a cooling-off period after signing a contract, there is no such protection for businesses.
However good it started out, the relationship between Rogen and Franco had a noticeable cooling-off period.
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