{"id":1723,"date":"2023-10-17T14:19:13","date_gmt":"2023-10-17T05:19:13","guid":{"rendered":"https:\/\/bitwallet.com\/?post_type=glossary&#038;p=1723"},"modified":"2024-02-14T17:55:42","modified_gmt":"2024-02-14T08:55:42","slug":"cooling-off","status":"publish","type":"glossary","link":"https:\/\/bitwallet.com\/en\/support\/glossary\/cooling-off\/","title":{"rendered":"cooling-off"},"content":{"rendered":"\n<dl>\n<dt>how to read<\/dt>\n<dd>How to read in Japanese: cooling-off<\/dd>\n<dt>synonyms<\/dt>\n<dd><\/dd>\n<dt>antonym<\/dt>\n<dd><\/dd>\n<\/dl>\n\n\n\n<p>Cooling-off is a special system to protect consumers as stipulated in the Specified Commercial Transactions Act and other laws. It covers contracts in surprise transactions such as door-to-door sales, and contracts in complex and high-risk transactions such as pyramid schemes.<\/p>\n\n\n\n<p>If you have entered into these contracts, you can unilaterally and unconditionally withdraw your application or cancel the contract you have entered into within a certain period of time. Depending on the nature of the transaction, the cooling-off period is set at 8 days or 20 days, including the day of receipt of the contract document.<\/p>\n\n\n\n<p>In the event of a cooling-off, the vendor cannot claim a penalty or damages from the consumer, and if money has been received, it must be returned to the consumer. The cooling-off procedure must always be done in writing and the notice must be given within the time period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cooling-off is a special system to protect consumers as stipulated in the Specified Commercial Transactions Act and other laws. It covers contracts in surprise transactions such as door-to-door sales, and contracts in complex and high-risk transactions such as pyramid schemes. <\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"footnotes":""},"genre":[66,67],"initial":[118],"initial-ja":[252],"class_list":["post-1723","glossary","type-glossary","status-publish","hentry","genre-genre02","genre-genre03","initial-ini-c","initial-ja-ini-ja-ku"],"_links":{"self":[{"href":"https:\/\/bitwallet.com\/en\/wp-json\/wp\/v2\/glossary\/1723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitwallet.com\/en\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/bitwallet.com\/en\/wp-json\/wp\/v2\/types\/glossary"}],"version-history":[{"count":3,"href":"https:\/\/bitwallet.com\/en\/wp-json\/wp\/v2\/glossary\/1723\/revisions"}],"predecessor-version":[{"id":3631,"href":"https:\/\/bitwallet.com\/en\/wp-json\/wp\/v2\/glossary\/1723\/revisions\/3631"}],"wp:attachment":[{"href":"https:\/\/bitwallet.com\/en\/wp-json\/wp\/v2\/media?parent=1723"}],"wp:term":[{"taxonomy":"genre","embeddable":true,"href":"https:\/\/bitwallet.com\/en\/wp-json\/wp\/v2\/genre?post=1723"},{"taxonomy":"initial","embeddable":true,"href":"https:\/\/bitwallet.com\/en\/wp-json\/wp\/v2\/initial?post=1723"},{"taxonomy":"initial-ja","embeddable":true,"href":"https:\/\/bitwallet.com\/en\/wp-json\/wp\/v2\/initial-ja?post=1723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}