Waiver
The voluntary giving up on a legal right or claim.
What is Waiver?
A Waiver is the voluntary relinquishment or surrender of a legal right, claim, or privilege, either expressly or implicitly, by a party, often documented to prevent future enforcement or disputes.
Why It Matters?
It clarifies rights, limits liability, and prevents conflicting claims, protecting both parties in legal or contractual contexts.
Example
A tenant signs a waiver of liability releasing the landlord from responsibility for minor injuries on the property.
Related Terms
Mediation
Litigation