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INTRODUCTION AGENTS ACT 2001 - SECT 58 Cooling-off period

INTRODUCTION AGENTS ACT 2001 - SECT 58

Cooling-off period

58 Cooling-off period

(1) This section does not limit section 46 .
(2) A client may end an introduction agreement at any time before 5pm on the third clear business day after the client receives a copy of the signed agreement.
Example of when client may end an introduction agreement
A client receives a copy of the signed introduction agreement at 2pm on Monday. To end the agreement, the client must indicate to the introduction agent an intention to end the agreement by 5pm on Thursday, assuming that Monday to Thursday are all business days.
(3) The client ends the agreement by giving signed notice to the introduction agent.