nolumyykäys

Nolumyykäys is a Finnish term that translates roughly to "unconditional purchase" or "non-refundable purchase." It refers to a transaction where the buyer agrees to acquire a good or service without any possibility of returning it or canceling the purchase once it is finalized. This concept is often applied in specific contexts, particularly in the realm of property and significant asset sales, though it can also appear in other commercial agreements.

The core principle of nolumyykäys is the removal of the buyer's right to cancel or seek a refund under normal circumstances. This means that once the agreement is made and any stipulated conditions are met, the transaction is considered final. Buyers entering into a nolumyykäys agreement typically do so after careful consideration, understanding that they are accepting the item or service "as is" and will bear the full responsibility for their decision.

This type of agreement is usually employed when the seller wishes to mitigate risks associated with the sale, such as the potential for returns, renegotiation, or subsequent complaints about the condition of the item, especially if it is sold in its current state. For buyers, it implies a need for thorough due diligence before committing to the purchase. Examples might include purchasing a property in a condition that requires significant renovation, where the price reflects this, or acquiring specialized equipment that cannot be easily resold. The legal enforceability and specific terms of nolumyykäys can vary depending on the jurisdiction and the nature of the contract.