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This notice, which cannot be in the form of small print, or otherwise disguised, must also provide a cancellation form and advise you on how and to whom a notice of cancellation is to be made.
You can use the cancellation form provided or a simple written notice, as long as it is clear of your intentions.
There have been numerous problems to do with consumers who have signed contracts while under pressure from sales reps in the UK or as a result of a ‘free’ holiday provided by the company.
For this reason, the Timeshare Act 1992 gives you the benefit of a cooling off period of 14 days if contracts are signed in the UK.
In many situations however, such as buying goods from shops, you are able to cancel the contract and get your money back.Contracts for financial products sold by distance means are subject to different rules, see below for more on this.Something else worth mentioning is that the supplier must have sent you written confirmation of your order no later than the time of delivery of the product or performance of the service.This is referred to as your cooling off period and the duration of this period depends on what you bought and the manner in which you bought it.
The following are situations in which the cooling off period applies The purchase of goods and services over the internet, by phone or by mail order generally is subject to the Distance Selling Regulations.If you sign abroad you will be subject to local laws, although most European member states have a cooling off period of 10 days.