Cancellation Rights definition

Cancellation Rights. The purchaser, or someone designated in this contract by the purchaser, may cancel this contract by providing notice of the cancellation in writing to the Provider. A partial or full refund of money paid, if any, may be available based on the terms of this contract and the law. Any refund owed will be issued within 30 days. If this contract meets all of the requirements of the Act and is cancelled within 30 days of this contract date and before any services or supplies have been provided, the Provider will refund all amounts paid under this contract in accordance with the Act. If this contract meets all of the requirements of the Act and is cancelled after 30 days of this contract date and before any services or supplies have been provided, the Provider will refund the amount paid under this contract plus any income earned on the amount paid or that should have been earned on the amount paid if it had been deposited as required, but the Provider may retain an additional 10% of the amount paid to a maximum of $350. If this contract meets all of the requirements of the Act and is cancelled after some of the services or supplies have been provided as directed under the terms of this contract, the maximum refund required will be the amount paid under this contract plus any income earned on the amount paid or that should have been earned on the amount paid if it had been deposited as required, and in some circumstances permitted by the Act the Provider may retain the value of the services and supplies that have been delivered. If this contract fails to meet the requirements of ss.40(1) of the Act, the maximum refund required will be the amount paid under this contract plus income earned on the amount paid or that should have been earned on the amount paid if it had been deposited as required. In some circumstances permitted by the Act, the Provider may retain the value of the services or supplies that have been delivered.

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Cancellation Rights has the meaning set forth in Section 2.06Section 2.06(e).

Cancellation Rights. A right to cancel a financial product is available in most cases, within 30 days of signing an application in the case of a life, pure protection, or pension policy and within 14 days for other products. If you cancel a contract involving a lump sum contribution, and the value of your investment falls due to market movements during the cancellation period, you may not get back the full amount you invested.

Examples of Cancellation Rights in a sentence

Most policies and investments benefit from Cancellation Rights i.e. you may cancel your policy without suffering financial detriment, within a certain time period.
Please note that the terms vary from policy to policy and some transactions may not have any Cancellation Rights attached.
The Legal Partner will provide You with separate Cancellation Rights under Your Agreement with them.
Upon exercise of this Grant, your right to participate in distributions upon liquidation will be limited to a pro-rata distribution based on the number of shares that are no longer subject to the Company's Cancellation Rights.
Product Cancellation Rights Full details of any financial products we recommend to you will be provided in the relevant product information you will receive.
You will be deemed to have accepted all amendments We make to this Agreement unless You revoke Your acceptance of this Agreement as described in the Cancellation Rights section of this Agreement within ten (10) calendar days from the date of delivery of any amendment to Your Electronic Access.
Once given, Your consent to receive Electronic Records does not expire or end unless You revoke Your acceptance of this Agreement as described in the Cancellation Rights section of this Agreement.
Cancellation Rights The contract will state that time is of the essence and that the time for performance can be extended or any other provision of the offer can be modified only by a writing signed by both buyer and seller.
Upon notification in writing to the Corporation of the death of a Shareholder, the Corporation undertakes to have the Shares held by such deceased Shareholder purchased for cancellation within 90 days of such notification, subject only to the Corporation being able to do so under applicable laws, and the considerations set out below in “Purchase for Cancellation Rights – General”.
It is important to note that the decision as to whether or not to grant an early purchase for cancellation is at the sole discretion of the Corporation and otherwise dependent upon the ability of the Corporation to do so under applicable laws and the considerations set out below in “Purchase for Cancellation Rights – General”.

More Definitions of Cancellation Rights

Cancellation Rights. You have no right to cancel this Customer Agreement under the Consumer Credit ▇▇▇ ▇▇▇▇ or the Financial Services (Distance Marketing) Regulations 2004.

Cancellation Rights. – means the rights as set out in rule 15 (cancellation) of COBS, as amended from time to time.

Cancellation Rights if the offer of a place and its acceptance are both made entirely at distance by means of post, fax or electronic communication without either Parent meeting face to face with a member of the Nursery staff during the contractual process the Parents may cancel this agreement at any time within 14 days of the date of the acceptance form. In such circumstances the Acceptance Deposit and the first Two Months’ Fees will be refunded. If the Nursery has provided any educational services under this agreement the refund of the first Two Months’ Fees will be pro-rated in accordance with the services provided. Cancelling acceptance: The Cancellation of the place after acceptance can cause long-term loss to the Nursery if it occurs after other families have taken their decisions about educating their children. A genuine pre-estimate of loss is Fees for between one and three years. Nonetheless, the Nursery agrees to limit the liability of the Parents to: Two Months’ Fees at the rate payable for the Term of Entry less the Acceptance Deposit, payable as a debt immediately unless the place is filled immediately and without loss to the Nursery if less than Two Months’ Written Notice of Cancellation has been given; or the Acceptance Deposit if more than Two Months’ Written Notice has been given. Cases of serious illness or genuine hardship may receive special consideration on written request.