COOLING-OFF PERIOD Definition & Meaning

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cooling-off period

noun

a period arranged by agreement to allow for negotiation and an abatement of tension between disputing parties:
The law calls for a cooling-off period before a strike can begin.

cooling-off period

noun

a period during which the contending sides to a dispute reconsider their options before taking further action
a statutory period, often 14 days, that begins when a sale contract or life-assurance policy is received by a member of the public, during which the contract or policy can be cancelled without loss

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51�Թ� History and Origins

Origin of cooling-off period¹

First recorded in 1945–50

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Example Sentences

Examples have not been reviewed.

"I haven't got my divorce certificate yet, because the law has a cooling-off period and we are now in that period."

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While consumer law gives individuals a cooling-off period after signing a contract, there is no such protection for businesses.

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However good it started out, the relationship between Rogen and Franco had a noticeable cooling-off period.

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Even now, the government can invoke the 1947 Taft-Hartley Act, which allows the president to ask a court to order an 80-day cooling-off period when public health or safety is at risk.

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President Joe Biden has so far rebuffed calls by some of country's biggest business groups to use federal power to reopen the ports for 80 days, to provide a cooling-off period for further negotiation.

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