<P> In consumer rights legislation and practice, a cooling - off period is a period of time following a purchase when the purchaser may choose to cancel a purchase, and return goods which have been supplied, for any reason, and obtain a full refund . </P> <P> Many nations have passed laws that create cooling off periods for specific transactions, although the conditions under which they may apply and the transactions covered by the laws varies significantly by jurisdiction . For example, within the United States, the federal government imposes 72 - hour cooling down periods for many consumer transactions completed at home or away from the seller's traditional place of business . Many U.S. states impose versions of those cooling down period laws, and offer similar laws for an additional range of transactions, such as time share purchases and health club contracts . For example, California provides cooling - off periods for many consumer transactions, including insurance purchases, car warranties, dental services, and weight - loss services . The European Union allows residents of member states to seek refunds for goods and services purchased outside of a shop, such as by telephone, mail order or in response to a door - to - door sales pitch, to cancel the transaction, return any purchase and obtain a refund within fourteen days . </P>

What is a 14 day cooling off period