This form is a sample agreement between the owner of property and the contractor agreeing that acceptance by contractor of late payments as described in the agreement do not constitute a waiver of the right to receive timely payments pursuant to the agreement in the future.
Pima Arizona Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments
Category:
State:
Multi-State
County:
Pima
Control #:
US-01565BG
Format:
Word;
Rich Text
Instant download
Description
How to fill out Non-Waiver Agreement Between Contractor And Owner Regarding Accepting Late Payments?
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FAQ
'No waiver' means that a party reserves its rights even if it has not taken action in the past. This concept is vital in the Pima Arizona Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments, as it ensures that both parties understand their rights remain protected. Clear definitions promote trust and accountability in contractual dealings.
Non-waiverable refers to rights or conditions that cannot be surrendered or set aside. For contractors in Arizona, understanding non-waiverable provisions within the Pima Arizona Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments is crucial to ensure payment rights are firmly maintained.
'Non-waived' indicates that a person or entity does not relinquish their rights or claims. For example, in the context of a Pima Arizona Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments, it means that the contractor retains the right to enforce terms even if late payments occur occasionally.
What is a non-waiver clause? A non-waiver clause aims to preserve a party's rights and remedies if that party fails, whether intentionally or by oversight, to take action in respect of a breach of contract.
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.
A no waiver clause is a stipulation included in contracts to make sure that neither party involved in the agreement waives their right to bring suit if the other breaches contract.
Within the United States, the most common types of waivers tend to fall into one of three categories criminal rights, procedural rights, and liability waivers.
When two parties enter into an agreement they often rely upon a contractual provision known as a non-waiver clause in order to protect their interests. The non- waiver clause helps to prevent the parties from inadvertently waiving their contractual rights through their actions.
Without a no waiver clause, the conduct of a party can be argued as a waive of rights. If one party in a contract continues to allow the other to violate certain provisions in their agreement, they may be unintentionally losing their right to enforce the contract in the future.
The parties agree that the excuse or forgiveness of performance, or waiver of any provision(s) of this Contract does not constitute a waiver of such provision(s) or future performance, or prejudice the right of the waiving party to enforce any of the provisions of this Contract at a later time.
