waiver clause

Definition

noun
a clause in a contract giving the conditions under which the rights in the contract can be given up

Use waiver clause in a sentence

You should try and make sure that there is a waiver clause in the deal so that you have greater flexibility.

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The waiver clause was included despite the unlikelihood of the contract being voided for any reason, the project was ready to begin.

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The athletic company made sure to be very clear in their contract's waiver clause in order to avoid getting into legal trouble if anyone was injured.

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waiver waiver of premium