Pennsylvania Negotiating and Drafting Modification, Amendment and Waiver Provisions

State:
Multi-State
Control #:
US-ND1611
Format:
Word; 
PDF
Instant download

Description

This form provides boilerplate contract clauses that establish procedures for amending or modifying the contract agreement and that supply provisions for the allowance and effectiveness of waivers under the terms of the contract agreement. Several different language options representing various amendment procedures are included to suit individual needs and circumstances.

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FAQ

Including boilerplate language known as a ?no-waiver,? ?nonwaiver,? or ?anti-waiver? clause allows a plaintiff to decide whether to strictly enforce provisions of a contract without losing its right to assert a breach.

Including boilerplate language known as a ?no-waiver,? ?nonwaiver,? or ?anti-waiver? clause allows a plaintiff to decide whether to strictly enforce provisions of a contract without losing its right to assert a breach.

A boilerplate clause intended to prevent an unintentional waiving of a party's rights under an agreement due to a failure by that party to fully enforce or take action in respect of those rights.

A waiver of liability must be clear, unambiguous, and explicit in expressing the parties' intent. Many courts in California have ruled that waivers printed in faint or small font, or in an inconspicuous place (deep in a document, on the back of a page, etc.), are less likely to be held enforceable.

What's the difference? A party who "waives" a contract term can retract the waiver in the absence of the other party's detrimental reliance, whereas a party cannot unilaterally retract a contract modification. Stating the legal consequences that flow from each event is easy.

A ?No Waiver? clause means that the landlord's failure to enforce any provision of the lease does not waive it, or render it unenforceable. For example, the lease might contain a late fee. If you pay your rent late, and the landlord does not charge you the late fee, that doesn't mean you don't owe it.

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Pennsylvania Negotiating and Drafting Modification, Amendment and Waiver Provisions