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All door to door sales contracts must contain written notice of a three day cooling off period. This means that the consumer has three days to change his or her mind about buying a product or service sold door to door, without penalty.
The law generally provides for a 5-day period in which you have the right to cancel the purchase agreement. The 5-day period begins on different starting dates, depending on whether you receive a public offering statement or a resale package.
All door to door sales contracts must contain written notice of a three day cooling off period. This means that the consumer has three days to change his or her mind about buying a product or service sold door to door, without penalty.
When you buy a timeshare there is a timeframe in which you may easily cancel the purchase known as the cancellation period or the rescission period. The timeshare cancellation period in Nevada is 5 calendar days from the date you signed the contract.
In Nevada, you may cancel, by written notice, a contract of sale for a timeshare purchase up until midnight of the fifth calendar day following the date you signed the contract. The contract of sale must include a statement about your right to cancel the deal.