Common use of – CUSTOMER RIGHT OF RESCISSION Clause in Contracts

– CUSTOMER RIGHT OF RESCISSION. A Customer who makes a purchase of 25.00 or more has three business days (five business days for residents of Alaska and 15 business days for residents of North Dakota who are age 65 or older) after the sale or execution of a contract to cancel their order and receive a full refund consistent with the cancellation notice on the order form or sales receipt. When a Market Partner makes a sale or takes an order from a Customer who cancels or requests a refund within the applicable period, the Market Partner must promptly refund the Customer’s money as long as the products are returned to the Market Partner in substantially as good condition as when received. Market Partners must orally inform Customers of their right to rescind a purchase or an order within the applicable time period, and ensure that the date of the order or purchase is entered on the order form or sales receipt. All Customers must be provided with two copies of an official MONAT sales receipt at the time of the sale. The back of the receipt provides the Customers with written notice of his or her rights to cancel the sales transaction.