What's; cooling off period?

Question

Can anyone tell what; cooling off period mean?

"cooling off period means." (Great Question!) - 002262dd, Nov 25, 2010

Answer 1

Bienvenido al foro!

Basicamente se trata de una situación en la cual dos personas or una entidad oficial están discutiendo para resolver un problema. Se ponen de acuerdo a recapacitar el asunto por un período de tiempo y luego reiniciar las discusiones. El perído de recapacitación se llama en inglés, "cooling off period." Se puede aplicar este apodo a cualquier desacuerdo entre gente, organizaciones, el gobierno o sindicatos.

Basically it deals with a situation in which two people, or an official entity, are arguing in order to resolve a problem. They agree to think things over and start discussing the matter again. The period of, "thinking over," is called in English, a cooling off period." This name can be applied to any disagreement between people, organizations, the government or unions.

Answer 2

A "cooling off period" occurs most often during union negotiations with an employer, when the parties cannot reach an agreement about pay and benefits. The sometimes both parties want to avoid a labor strike, so they will agree to have a "cooling off period". Sometimes these "cooling of periods" are ordered by a federal court, or by an impartial arbitrator. The purpose of this "cooling off period", is to reduce tensions between the parties.

Answer 3

Let’s say you make a purchase or sign a contract in your home and then change your mind. If the deal is worth more than, say, $50, you have the right to cancel within 10 days. That 10 days when you are allowed to rescind the agreement is called the 'coolong-off period'.