Common use of Cooling Off Clause in Contracts

Cooling Off. Unless the Particulars of Sale otherwise provide, the Purchaser may terminate the contract, by serving on the Vendor notice of such termination within three (3) Business Days of when the contract is made, and then: (a) the obligations of the parties to complete ends; and (b) the Purchaser will be entitled to the return of any deposit paid but neither party will be otherwise entitled to any compensation.