Right of withdrawal – If the contract was concluded outside the business premises of a broker or by means of distance communication, the consumer has the right of withdrawal. So, a right of withdrawal only exists in cases where the law has expressly granted such a right. If this is not the case, then each party is bound by the contract and the contract can only be terminated in compliance with the agreed notice periods.
Right of cancellation at a glance: The early termination of a contract on the grounds of inadmissibility
If the conclusion of a contract is unlawful due to certain circumstances, the consumer has a right of withdrawal
Impermissible circumstances include: Conclusion of contracts outside the broker’s business premises or by means of remote communication
Right of withdrawal exists only in cases where the law expressly grants such a right
If this is not the case, each party is bound by the contract and can only be terminated at the agreed notice periods
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