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 ?
"Nothing prevents the defendant from signing the waiver in the courtroom," Neronha continued.
bull The regulations specifically state that crewmen are eligible for the provisional waiver. But the embassy was effectively saying crewmen are not eligible, in violation of those regulations.
The date of execution of a waiver is very crucial since a waiver which is executed after the prescriptive period of assessment without a formal assessment notice having been issued, cannot be validated even if the in pari delicto rule applies.
The government has provided little guidance on how to get a waiver, they say, and many visa applicants are still unaware the waiver option exists.
Additionally, "A trading partner or stakeholder may submit a renewal request for any waiver, exception, or exemption it received that is of limited duration.
However, companies that have been convicted of certain felonies and misdemeanors or are determined to have violated anti-fraud provisions of securities laws are automatically disqualified from such benefits, unless they obtain a waiver from the Commission.
In Texas, the statutory form lien waivers make life a lot simpler, said Rebecca Hicks, Esq., of Dallas-based Hicks Law Group PLLC.
Like most issues, the scope of a waiver of sovereign immunity differs by jurisdiction.
The FAA will allow operators of small drones to apply for a waiver for a variety of reasons including operation from a moving vehicle or aircraft, daylight operation, operation over people and limitations for small, unmanned aircraft.
States can, in theory, request waivers for a wide array of statutory provisions that lay out the essential rules for state Medicaid programs and for federal Medicaid payments to the states.
Rodolfo Grande Santos Jr., Napolcom director in Central Luzon, has unearthed three fake waivers since January, according to Wilma Paras, Napolcom regional information officer.