Cooling-off period

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Cooling-off period may refer to:

  • Cooling-off period (consumer rights), a period of time during which the purchaser may cancel a purchase
  • Standstill period, the time to allow unsuccessful bidders to challenge the decision before a contract is signed
  • Waiting period, the time which a company making an IPO must be silent about it, so as not to inflate the value of the stock artificially
  • Period of time after the termination of a worker's employment in which he or she is prohibited from establishing or obtaining employment with certain entities (i.e. executing the terms of a non-compete clause or the legally mandated waiting period before a former government regulator may begin work within the industry he or she once regulated)
  • With respect to anger management, a period of time where two or more parties in disagreement do not communicate with each other with the understanding that it takes time for emotional connections to diminish
  • In the nuclear power industry, the length of time that spent nuclear fuel must be stored in water before enough heat is dissipated so that the waste product can be safely reprocessed and/or transported to a more permanent storage facility