Your Right to Rescind Class Action Settlements — Check If You're Owed Money

Your Right to Rescind

Your Right to Rescind

Known as your ‘Right to Rescind’ or the ‘Cooling Off Rule’, these provisions give buyers the right to cancel the contract with a full refund of money under certain circumstances. How much time you have depends on what type of goods or services you purchase. Also, not every consumer contract is subject to these rules. For the most common consumer transactions, such as purchasing an item from a department store, the consumer’s ability to rescind or cancel a purchase, or obtain a refund, will depend upon the business policy or the particular agreement between the consumer and the business.