waiver

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Waiver

A statement of the voluntary surrender of a right. For example, suppose a company provides customers a service that might be dangerous, such as bungee jumping. The company may require customers to sign a waiver relinquishing the right to sue the company for negligence if a problem occurs. This reduces the company's risk in the conduct of its business.

waiver

The voluntary relinquishment of a known right, remedy, claim, or privilege.
References in periodicals archive ?
Studies show that increased educational outreach--combined with CMS's random surveillance of Certificate of Waiver sites--has an impact on the performance of waived sites.
The district court awarded the pension benefits to William's estate because it found that Liv had waived her interest in the benefits in the divorce decree.
Collaborating attorneys and CPAs should take care that their use of electronic communications tools such as cell phones and faxes doesn't cause confidentiality to be waived.
If you suffer a business interruption loss, you will sustain that loss whether or not you have waived rights of recovery.
Under CDC guidelines, waived status can be granted for easy-to-use, accurate and precise tests that use unprocessed samples to minimize user error.
The waived testing quality issue has been exacerbated by technology advances that enable many tests to now be performed using mobile devices by personnel with limited experience and training, COLA says.
Customs duty exempted through SROs during the period 2008-9 to December 2012-13 including Rs 72,486 million custom duties has been waived off during 2008-9.
And the waived city fees and costs could easily have been made up with a commercial spot or two during the long program.
As noted in earlier FEI communications, FEI National has waived national dues for members of the chapter this year, in deference to the economic hardship brought by Katrina.
The contractor argued that the liquidated damages provision should not be enforced because, among other things, (1) the liquidated damages constituted an improper penalty and (2) the owner's rights to claim such damages had been waived by virtue of the certifications of the contractor's requisitions for payment by the owner's architect in the period subsequent to the contract-mandated period.
The IRS refused, on the grounds their disclosure automatically waived the right of privilege.
Although notice must be filed in these two situations, penalties are waived for supporting documentation not filed.