Waiver

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Definition of 'Waiver'

A waiver is a legal document that releases a person or entity from liability for damages that may result from a particular action or inaction. Waivers are often used in the context of contracts, where one party agrees to release the other party from any liability for damages that may arise from the contract. For example, a waiver may be used to release a landlord from liability for damages caused by a tenant's negligence.

Waivers can also be used in the context of employment, where an employee may agree to release their employer from liability for damages that may arise from the employee's work. For example, an employee may agree to release their employer from liability for any injuries that they sustain while working.

It is important to note that waivers are only valid if they are entered into voluntarily and knowingly. If a person is coerced into signing a waiver, the waiver may not be enforceable. Additionally, waivers cannot be used to release a person from liability for intentional or reckless acts.

Waivers can be a useful tool for businesses and individuals to protect themselves from liability. However, it is important to understand the terms of a waiver before signing it, and to make sure that the waiver is valid.

Here are some additional things to keep in mind about waivers:

* Waivers are not always enforceable. If a waiver is found to be unreasonable or unfair, it may not be upheld by the courts.
* Waivers can only be used to release a person from liability for damages that are foreseeable. If a person is injured by an unforeseen event, the waiver may not be enforceable.
* Waivers can be revoked at any time. If a person changes their mind about a waiver, they can revoke it by giving written notice to the other party.

If you are considering signing a waiver, it is important to speak to an attorney to make sure that you understand the terms of the waiver and that the waiver is enforceable.

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