Does anyone remember the traveling door to door salesmen of the 1940s and 1950s? I don’t, but I’ve read about them. To counter the forceful selling pressure of someone at your door, many states enacted cooling off statutes that were designed to allow someone to rescind a contract within 72 hours of “buying”. Interestingly, I have now run across people attempting to use this tactic to rescind commercial contracts between two business entities. It is not a valid tactic in my opinion and as a business, you are within your right to uphold the contract and not allow the rescission. I do not think courts have taken up the issue, but I certainly do not think a court will allow rescission between two commercial entities because the sale was over the internet and did not take place “at the seller’s place of business”.
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