Cooling-Off Period

A cooling-off period is a legally mandated timeframe after signing a contract during which a buyer can cancel without penalty.


JurisdictionPeriod
Dubai off-planNo statutory cooling-off period
UK14 days for distance sales
Australia5 business days standard
Contract specificMay be negotiated into agreement
Dubai FrameworkBuyer Protection
No automatic rightCannot cancel without grounds
Escrow protectionFunds secured for off-plan
Contract termsTermination rights if specified
Developer delayRefund rights if significant delay

Related Terms

Termination ClauseExit ClausePurchase Agreement

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