Monday, July 17, 2006

Legal Rights For Timeshare Purchase

You may have a cooling-off period if you have entered into a timeshare agreement.
However, these agreements are complicated by the issue of whether you signed up in the UK or abroad.

If signed in the UK, the cooling-off period is 14 days but if it was signed anywhere else in the EU then the cooling-off period is just ten days.

People also need their wits about them as many companies badge timeshare agreements as "holiday clubs" to get around the legislation.

Know your rights before you sign

l Don't simply assume that you have the right to cancel the contract.
l If you are at all unsure, do not sign the agreement.
l Check what you are being asked to sign and make sure that you can see the whole document.
l Check that the cooling-off period is actually stated in the agreement.
l Be sure that you actually want the goods or services being offered.
l Don't hand over a deposit unless you are sure that you actually want to enter into a contract.
l Remember that by paying a deposit you are entering into a contract.
l Make sure that you read all the terms and conditions of the contract.
l Ensure that if you do want to cancel, or send goods back, you do so within the timescale stipulated in the agreement.

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