S.L. 409.2 ст. 8Right of withdrawal. [

(1) The consumer shall have a period of fourteen calendar days to withdraw from the timeshare, long-term holiday product, resale or exchange contract, without giving any reason therefor.

(2) The withdrawal period shall be calculated:

(a) from the day of the conclusion of the contract or of any binding preliminary contract; or

(b) from the day when the consumer receives, by registered mail, the contract or any binding preliminary contract where the contract or preliminary agreement is received later than the date referred to in paragraph (a).

(3) The withdrawal period shall expire:

(a) after one year and fourteen calendar days from the day referred to in sub-regulation (2), where a separate withdrawal form is required by regulation 7(5) has not been filled in by the trader and provided to the consumer in writing, on paper or on another durable medium;

(b) after three months and fourteen days from the day referred to in sub-regulation (2) where the information referred to in regulation 6(1) including the applicable standard form set out in Schedules I to IV, has not been provided to the consumer in writing, on paper or another durable medium.

(4) Where the separate standard form required under regulation 7(5) has been filled in by the trader and provided to the consumer in writing, on paper or on another durable medium within one year from the day referred to sub-regulation (2), then the withdrawal period referred to in this regulation shall commence to run as from the day the consumer receives that form, by registered mail.

(5) Where the information referred to under regulation 6(1), including the applicable standard form set out in Schedules I to IV, has been provided to the consumer in writing, on paper or another durable medium, within three months from the day referred to in sub-regulation (2), then the withdrawal period shall commence to run from the day the consumer receives that information, by registered mail. S.L.409.02 AND EXCHANGE CONTRACTS)

(6) Where the exchange contract is offered to the consumer together with and at the same time as the timeshare contract, only a single withdrawal period in accordance with sub-regulation (1) shall apply to both contracts, and the withdrawal period shall be calculated according to sub-regulation (2) as they apply to the timeshare contract.

(7) If the consumer intends to exercise the right of withdrawal, the consumer shall, before the expiry of the withdrawal period notify the trader on paper or on another durable medium of the decision to withdraw, by registered mail. The consumer may use the standard withdrawal form set out in Schedule V and provided by the trader in accordance with regulation 6(5). The deadline shall be deemed to have been met if such notification is sent before the withdrawal period has expired.

(8) The exercise of the right of withdrawal by the consumer terminates the obligation of the parties to perform the contract.

(9) In exercising the right of withdrawal the consumer shall neither bear any cost nor be liable for any value corresponding to the service which may have been performed before withdrawal.