/ˈkuːlɪŋ ɒf ˈpɪəriəd/ – Phrase
Definition: thời gian để các bên tranh chấp suy nghĩ lại.
A more thorough explanation: A “cooling off period” refers to a specified period of time during which a consumer can cancel a contract or agreement without penalty. This period is typically provided by law or by the terms of the contract itself to allow consumers to reconsider their decision and withdraw from the agreement if they change their mind.
Example: During the cooling off period, the buyer has the right to cancel the contract without any penalty.