disclaimer


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disclaimer

(1) The refusal or rejection of a right, as a disclaimer of an inheritance of environmentally contaminated property.(2) The limitation of a warranty or responsibility.

References in periodicals archive ?
The interest passes without any direction on the part of the person making the disclaimer and passes either to the decedent's spouse or to a person other than the person making the disclaimer.
As a result of the disclaimer, the interest passes either to the testator's surviving spouse or to a person other than the disclaimant without any disclaimant direction.
According to the IRS, with such a disclaimer, any post-challenge adjustment to the value of an estate could consist entirely of an increased charitable donation, providing no possibility of increased tax receipts as an incentive for the IRS to audit the return and ensure an accurate valuation of the estate.
The following charts compare the exemption trust will on page 29 with a disclaimer of $250,000, which in 2009 would produce an estate tax of $112,500 (to be paid from disclaimer trust assets or by the beneficiaries).
The disclaimer must be irrevocable and unconditional; it must also be written, specific, signed and delivered within a 9-month period.
19 settlement states that Cobb County school officials are barred "from restoring to the science textbooks of students in the Cobb County schools any stickers, labels, stamps, inscriptions, or other warnings or disclaimers bearing language substantially similar to that used on the sticker that is the subject of this action.
Where an individual who is in a high income tax bracket is left a bequest "if he is living, otherwise to his children," and his children are in lower income tax brackets, a disclaimer can shift the income taxation attributable to the property to the children's lower tax brackets (assuming the children are age 18 or older) if the children are the next recipients of the bequest under the will or trust.
One resource to learn more about disclaimers is the American Subcontractors Association's (ASA) white paper, "Design Risk: Disclaimers of Plans and Information," which identifies disclaimers commonly found in contracts and contract documents and their meaning for subcontractors.
The Disclaimer for Exchange Server module lets network administrators add text to outbound e-mail such as commercial information or a legal disclaimer.
To be on the safe side, my law firm recommends the inclusion of a detailed specific disclaimer and merger clause in every contract of sale as a measure of protection to developers who want to avoid claims based on any fact, circumstance or condition outside the four corners of the contract.
Thus, if the handbook guarantees a progressive discipline system prior to termination, disclaimer language will not be sufficient to defeat a contract claim.
The four justices in the majority opinion held that Regulation 2 was valid (even though overly broad) and the absolute prohibition of Regulation 2 could be "cured" and constitutional infirmity avoided by the use of the crafted disclaimer.