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What is Waiver clause?

Updated: 5/3/2024
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9y ago

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A waiver clause is a provision in a contract that allows one party to give up their right to enforce a particular term or condition in the agreement. This clause typically states that failure to exercise a right or remedy does not constitute a waiver of that right or remedy in the future. Waiver clauses help protect parties' rights under a contract by ensuring that one party's failure to enforce a term does not automatically mean they have given up that right.

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Q: What is Waiver clause?
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