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Cooling-off period

クーリング・オフ ／ cooling-off　—　Institutions

A system that allows a contract to be cancelled without reason within a specified period.

Netherlands — The century of division / The low country, a mint at night
A scene for the related term “Fraud” — Netherlands　The century of division ／ The low country, a mint at night

In Japan, this is one of the civil rules under the Act on Specified Commercial Transactions. The applicable transactions and the number of days are specified. Systems for cancelling a contract within a certain period also exist in other countries, and the number of days and applicable transactions differ by country.