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AFFIDAVIT WITH WAIVER OF RIGHTS KNOW ALL MEN BY THESE PRESENTS; I, _______________of legal age, Filipino, and a___________, ... I am no longer interested over the parcel of land, situated in. ... I hereby voluntarily WAIVE my rights and interests over the. ... We, Transferor and Transferee hereby affirm that we have voluntarily.
Waiver is the intentional relinquishment of a known right and, in the context of contracts, occurs when one party to a contract either explicitly repudiates its rights under the contract or acts in a manner inconsistent with an intention of exercising them.
Waivers are written agreements that say the sponsor of an activity will not be liable for harm suffered by participants. Although waivers are primarily legal tools, they also serve an educational purpose by making people think about the potential risks of an activity.
Examples of waivers include the waiving of parental rights, waiving liability, tangible goods waivers, and waivers for grounds of inadmissibility. Waivers are common when finalizing lawsuits, as one party does not want the other pursuing them after a settlement is transferred.