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: the act of intentionally relinquishing or abandoning a known right, claim, or privilege.

(we?v ) verb. If you waive your right to something, for example legal representation, you choose not to have it or do it.

You might waive your right to an attorney, or your insurance company might waive an extra fee because you have a clean record. When you add an er to the end of waive, you have a noun that covers a few different meanings. Waiver can be the relinquishment of a privilege or right, intentionally.

What is the purpose of a waiver? A waiver is a legal agreement the primary purpose of which is to let you or another party modify or relinquish a right, privilege, or claim. The agreement can be a separate document on its own, such as if you sign a waiver form, or added to a contract as a waiver clause.

For example, if someone received goods but chose to reject the goods at the time of delivery or turn away the person delivering the goods, this could be considered a waiver of a contract. Another way to waive the contract would be to prepare a written notice of rejection of the goods.

Verb (used with object),waived, waiv·ing. to refrain from claiming or insisting on; give up; forgo: to waive one's right;to waive one's rank;to waive honors. Law. to relinquish (a known right, interest, etc.) intentionally.

Waiver clause samples. 16.Waiver.No waiver of any of the provisions of this Agreement shall be deemed, or will constitute, a waiver of any other provision, whether or not similar, nor will any waiver constitute a continuing waiver. No waiver shall be binding unless executed in writing by the party making the waiver.

Examples of waivers include the waiving of parental rights, waiving liability, tangible goods waivers, and waivers for grounds of inadmissibility. Waivers are common when finalizing lawsuits, as one party does not want the other pursuing them after a settlement is transferred.