Right of Withdrawal
/ˈraɪt əv wɪðˈdrɔːəl/
Definitions
- (n.) A legal right allowing a party to revoke consent or terminate a contract within a specified period without penalty.
Consumers exercise the right of withdrawal to cancel online purchases within 14 days.
Forms
- right of withdrawal
- rights of withdrawal
Related terms
See also
Commentary
The right of withdrawal typically arises in consumer protection law, emphasizing clear time limits and notification procedures to prevent unfair obligations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.