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An agreement that you do not have to pay or obey something: We had to sign a waiver, giving up any rights to the land in the future. SMART Vocabulary: related words and phrases. Official documents.
It is an act of voluntarily giving up a right, and can apply to a variety of legal situations including knowingly giving up a legal right such as a speedy trial, a jury trial, giving up some rights in a settlement talk, or not enforcing a term of contract.
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.
A waiver is a legally binding provision where either party in a contract agrees to voluntarily forfeit a claim without the other party being liable.
: to refrain from pressing or enforcing (something, such as a claim or rule) : forgo. waive the fee. 2. : to put off from immediate consideration : postpone. 3.