what does it mean by legal cooling down period in user agreement
Definition of 'Cooling Off Period'. A cooling off period is time allowed under law to enable a consumer to cancel an agreement without incurring any penalty. In consumer credit, the cooling off period permitted by the Consumer Credit Act 1974 and its subsequent enhancements is 14 days. If you enter a non-credit related agreement at your home, other law permits a cooling off period of 7 days.