Waiver definition: Copy, customize, and use instantly
Introduction
The term "Waiver" refers to the voluntary relinquishment or surrender of a known right, claim, or privilege by a party under a contract or agreement. A waiver can be temporary or permanent and is often used to address specific obligations or breaches without altering the overall terms of the agreement.
Below are various examples of how "Waiver" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Waiver" as the relinquishment of contractual rights
This definition ties "Waiver" to specific contractual terms.
"Waiver" means the voluntary, written relinquishment of any right or obligation under this agreement by one party, without constituting a modification of the remaining terms of the agreement.
Definition of "Waiver" as a one-time exception
This definition applies "Waiver" to specific instances.
"Waiver" refers to a one-time exception granted by a party for a specific breach or non-performance, which does not constitute a permanent relinquishment of rights under this agreement.
Definition of "Waiver" as a mutual agreement
This definition ties "Waiver" to mutual consent.
"Waiver" means the intentional relinquishment of a right or claim under this agreement, agreed upon by both parties in writing.
Definition of "Waiver" as a remedy-related action
This definition focuses on waivers of remedies.
"Waiver" refers to the decision by a party to forgo exercising a specific remedy or enforcing a breach, without affecting their ability to enforce other rights under this agreement.
Definition of "Waiver" as non-precedential
This definition ties "Waiver" to its non-binding nature on future breaches.
"Waiver" means the intentional relinquishment of a right with respect to a specific breach, which shall not be construed as a waiver of any subsequent breaches or rights.
Definition of "Waiver" as conditional on performance
This definition applies "Waiver" to conditions.
"Waiver" refers to the relinquishment of a right or claim, provided that the defaulting party performs specific remedial actions as required by the non-breaching party.
Definition of "Waiver" as revocable
This definition ties "Waiver" to its reversibility.
"Waiver" means the temporary relinquishment of a right or privilege, which may be revoked at the sole discretion of the waiving party upon written notice.
Definition of "Waiver" as limited to specific provisions
This definition applies "Waiver" to identified clauses.
"Waiver" refers to the relinquishment of a right or obligation under a specific provision of this agreement, without affecting other provisions or terms.
Definition of "Waiver" as implied by conduct
This definition ties "Waiver" to party behavior.
"Waiver" means the relinquishment of a right that may be inferred from a party’s conduct, provided such conduct clearly demonstrates the intention to waive the right.
Definition of "Waiver" as a permanent modification
This definition focuses on permanent waivers.
"Waiver" refers to the irrevocable relinquishment of a right, claim, or privilege under this agreement, which shall constitute a modification of the affected terms.
Definition of "Waiver" as a waiver of conditions precedent
This definition ties "Waiver" to the non-enforcement of prerequisites.
"Waiver" refers to the intentional relinquishment of the right to enforce a condition precedent required for the performance of obligations under this agreement.
Definition of "Waiver" as applicable to late performance
This definition applies "Waiver" to delays.
"Waiver" means the voluntary decision by one party to accept delayed performance of an obligation without treating it as a breach of this agreement.
Definition of "Waiver" as non-transferable
This definition focuses on waiver limitations.
"Waiver" refers to the relinquishment of a right or claim that is personal to the waiving party and cannot be transferred or assigned to another party.
Definition of "Waiver" as a waiver of legal remedies
This definition ties "Waiver" to litigation rights.
"Waiver" means the voluntary relinquishment of the right to pursue legal remedies for a breach, without impacting other enforceable rights under this agreement.
Definition of "Waiver" as limited to monetary claims
This definition applies "Waiver" to financial obligations.
"Waiver" refers to the intentional relinquishment of claims solely related to monetary damages or penalties under this agreement, without waiving non-monetary obligations.
Definition of "Waiver" as contingent upon written notice
This definition ties "Waiver" to notification requirements.
"Waiver" means the relinquishment of a right or claim that becomes effective only upon delivery of written notice to the other party, specifying the waived terms.
Definition of "Waiver" as valid for specified time periods
This definition focuses on time-limited waivers.
"Waiver" refers to the relinquishment of a right or claim, valid only for a specified time period, after which the right or claim is reinstated unless expressly extended.
Definition of "Waiver" as applicable to procedural requirements
This definition ties "Waiver" to procedural aspects.
"Waiver" means the voluntary decision not to enforce compliance with specific procedural requirements under this agreement, such as notice periods or formalities.
Definition of "Waiver" as relating to partial obligations
This definition applies "Waiver" to partial rights.
"Waiver" refers to the relinquishment of a portion of a right or obligation under this agreement, without waiving the entirety of the associated right or claim.
Definition of "Waiver" as a waiver of confidentiality
This definition ties "Waiver" to information rights.
"Waiver" means the voluntary decision to permit the disclosure of information that would otherwise be subject to confidentiality obligations under this agreement.
Definition of "Waiver" as an agreement to overlook breaches
This definition applies to overlooking specific contract breaches.
"Waiver" refers to the agreement by a party to not enforce remedies for a particular breach of this agreement, while reserving the right to enforce remedies for future breaches.
Definition of "Waiver" as applicable to non-enforcement of penalties
This definition ties "Waiver" to penalties.
"Waiver" means the voluntary decision to not enforce penalties associated with a breach or delay, without waiving other rights or claims under this agreement.
Definition of "Waiver" as granted under statutory obligations
This definition applies "Waiver" to legal obligations.
"Waiver" refers to the relinquishment of statutory rights or obligations as permitted under applicable laws or regulations, provided it is expressed in writing.
Definition of "Waiver" as a waiver of indemnification
This definition ties "Waiver" to indemnity clauses.
"Waiver" means the relinquishment of a party’s right to seek indemnification for specific claims, damages, or losses, as specified in this agreement.
Definition of "Waiver" as implied through repeated conduct
This definition ties "Waiver" to behavior patterns.
"Waiver" refers to the relinquishment of a right inferred from a party’s consistent failure to enforce that right, provided such conduct demonstrates an intention to waive it.
Definition of "Waiver" as limited to specific jurisdictions
This definition applies "Waiver" to geographical restrictions.
"Waiver" means the relinquishment of a right or claim, applicable only within the jurisdiction specified in this agreement.
Definition of "Waiver" as temporary and revocable
This definition ties "Waiver" to time-bound revocability.
"Waiver" refers to the relinquishment of a right for a defined period, which may be revoked at any time upon written notice by the waiving party.
Definition of "Waiver" as applicable to alternative dispute resolution
This definition applies "Waiver" to ADR clauses.
"Waiver" means the agreement by a party to forgo litigation or other legal actions in favor of resolving disputes through arbitration or mediation.
Definition of "Waiver" as applicable to performance standards
This definition ties "Waiver" to operational standards.
"Waiver" refers to the decision to temporarily accept non-compliance with specific performance standards under this agreement, provided the overall obligations are met.
Definition of "Waiver" as an advance waiver of future claims
This definition applies to prospective claims.
"Waiver" means the prior agreement to relinquish the right to pursue specific claims or remedies arising from future occurrences, as explicitly stated in this agreement.
Definition of "Waiver" as enforceable only upon written consent
This definition applies "Waiver" to explicit consent requirements.
"Waiver" refers to the relinquishment of a right or claim that becomes valid and enforceable only upon receiving written consent from the non-breaching party.
Definition of "Waiver" as subject to reinstatement upon further breaches
This definition ties "Waiver" to conditional reinstatement.
"Waiver" means the temporary relinquishment of a right that may be reinstated if further breaches or violations occur under this agreement.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.