# Cooling-Off Rule Agreement
**Cooling-Off Rule Agreement**
**This Cooling-Off Rule Agreement ("Agreement") is made and entered into as of [Date] by and between:**
**[Party 1 Name]**
Address: [Party 1 Address]
Phone: [Party 1 Phone]
Email: [Party 1 Email]
**AND**
**[Party 2 Name]**
Address: [Party 2 Address]
Phone: [Party 2 Phone]
Email: [Party 2 Email]
**Collectively referred to as "Parties."**
## 1. Purpose
The purpose of this Agreement is to outline the terms and conditions regarding the Cooling-Off Rule as it pertains to the sale of goods/services between the Parties, ensuring that both Parties understand their rights and obligations under the law.
## 2. Cooling-Off Period
The Cooling-Off Period is defined as a period of [Number of Days, e.g., 14] days commencing on the date of purchase or acceptance of the service. During this period, the Buyer has the right to notify the Seller of their intention to cancel the purchase without penalty or obligation.
## 3. Notification of Cancellation
To exercise the Cooling-Off Right, the Buyer must provide written notice to the Seller within the Cooling-Off Period. The notice must include:
- Buyer’s name and contact information
- Order number or contract reference
- A statement of the Buyer’s intent to cancel the purchase
**Notification Method:**
The notice can be sent via email, postal mail, or delivered in person to the address provided above.
## 4. Refund Process
Upon receipt of the cancellation notice within the Cooling-Off Period, the Seller will:
1. Confirm the cancellation in writing to the Buyer within [a specific number of days, e.g., 5] days.
2. Process any applicable refunds within [a specific number of days, e.g., 14] days from the date of cancellation notification.
3. Refund the Buyer using the same payment method originally used for the purchase.
## 5. Exceptions to the Cooling-Off Rule
The Cooling-Off Rule may not apply in the following circumstances:
- When the goods are personalized or made to the Buyer’s specifications.
- If the goods are sealed for health protection reasons and have been unsealed.
- For any services that have been fully performed with the consent of the Buyer.
## 6. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [State/Country]. Any disputes arising under or in connection with this Agreement shall be subject to the jurisdiction of the courts located in [Jurisdiction].
## 7. Entire Agreement
This Agreement constitutes the entire understanding between the Parties concerning the subject matter hereof and supersedes any prior agreements, understandings, or representations, whether oral or written.
## 8. Miscellaneous
- **Amendments:** This Agreement may only be amended in writing and signed by both Parties.
- **Severability:** If any provision of this Agreement is deemed invalid or unenforceable, the remaining provisions shall continue in full force and effect.
**IN WITNESS WHEREOF**, the Parties have executed this Cooling-Off Rule Agreement as of the date first above written.
---
**[Party 1 Name]**
Signature: _______________________
Date: _____________________________
---
**[Party 2 Name]**
Signature: _______________________
Date: _____________________________
---
*This document is for informational purposes only and should be reviewed by a legal professional prior to use.*