They would likely point to the existence of signed disclosure statements, cooling-off periods, and the limited rights of rescission as evidence that deception either did not occur or was offset by the affirmative disclosures and the rights and opportunities afforded consumers to terminate purchase agreements. Starek noted an analogy between the proposed relief in this matter and the Cooling-Off Rule. The Cooling-Off Rule does not apply to transactions consummated entirely by mail or by telephone. Starek also noted that adoption of cooling-off and rescission rights may impose unnecessary costs on legitimate sellers of invention promotion services or on other legitimate telemarketers by causing a delay in closing beneficial transactions with consumers. This stipulated order is for settlement purposes only and does not constitute an admission by the defendant of a law violation.
Court settlements have the force of law when signed by the judge.
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