I am a partner in a business. I have recently agreed over the telephone to 2 year fixed price for our business electricity. I have subsequently found that an alternative supplier would provide a much cheaper price. Please can you tell me if there is a cooling off period for this type of contract.
There was no specific mention of cooling off rights in the telephone conversation. However, the subsequent supplier who quoted the much lower price, believed that a cooling off period would apply to the original contract.
I confirmed that I was acting as a partner in the business. The business has 3 partners who jointly trade as ' xxxx', and electricity is used in the manufacturing process as well as for heating and lighting. Does that help?