There is a 7-day cooling-off period after signing the contract, allowing consumers to cancel their orders during this time.

cooling-off 是由动词短语 cool off（冷静下来）加上连字符构成的复合形容词。cool 表示"冷静"，off 在这里表示"逐渐"的过程。 cooling-off period 指"冷静期"，是法律或商业中允许消费者在一定期限内重新考虑并取消合同的期限。