With a cancellation policy, you set expectations with the client the moment a contract is signed. A cancellation policy protects your time and money when a client introduces an unexpected situation—such as a change of heart.
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Default right to a cancellation period of 14 daysFor those contracts that are under the Regulations, your customer or client can give notice of cancellation up to 14 days after the contract is made, and may cancel without having to give a reason.
In general, the effect of the termination of a contract is to discharge the parties from their unperformed obligations under the contract. However, termination does not affect liabilities of the parties for breaches of the contract that occurred prior to the contract being terminated.