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1An interval during which two people or groups who are in disagreement can try to settle their differences before taking further action.
- ‘This was granted, one assumes, in return for agreeing to keep the proceedings confidential for a suitable cooling-off period.’
- ‘A cooling-off period is good in a dispute like this, which is unclear, and one of the things I think we're seeing is how increasingly bitter it is getting.’
- ‘They have applied to have their names taken off the wedding register, and have been given a three-month cooling-off period to try and work things out before their revocation of vows becomes effective.’
- ‘The act proposed a cooling-off period before strikes could take place.’
- ‘The union has opted for a cooling-off period of three weeks before making its next move.’
- 1.1An interval after a sales contract is agreed upon during which the purchaser can decide to cancel without loss.
- ‘But within the five-day cooling-off period Robyn did some research and found similar properties were selling for $175,000.’
- ‘The cooling-off period allows you to change your mind and cancel the contract without any reason.’
- ‘And they should always give you a seven-day cooling-off period to think about it.’
- ‘In most circumstances, online stores must give a cooling-off period of seven working days.’
- ‘Similarly, if a trader's visit is unsolicited and an agreement is signed at your home then there is a cooling-off period in which to cancel.’
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