notice of cancellation

notice of cancellation
A regulated consumer credit agreement may be cancellable under the Consumer Credit Act 1974 where negotiation before the transaction took place face to face with the customer and the agreement is signed by the customer off trade premises. Special cancellation notices must be provided and the customer has a short period after the agreement has been signed (a "cooling off" period) of five days (or fourteen days where the goods are ordered by mail order) to change his mind and cancel the order.

Easyform Glossary of Law Terms. — UK law terms.

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