GLOSSARY
/ˈweɪvə/
Published by a LexisNexis Commercial expert
What does Waiver mean?
In contract law, 'waiver' is used to denote the granting of a concession by one party not insisting on the other party’s precise performance of its obligations under the contract. It is also where one party gives up its rights to take action or enforce its rights under a contract.
Commercial
In the law of contract, the term 'waiver' is most commonly used to denote the granting of a concession by one party to a contract by not insisting on the precise performance by the other party of a duty under the contract, whether before or after any breach of the term waived.
Alternatively, waiver is seen as a party giving up its rights to take action or enforce its rights under a contract and thereby obliging the other party to perform its obligations.
Waiver - Legal Definition
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Where an organisation is subject to The Restriction of Public Sector Exit Payments Regulations 2020, SI 2020/1122, are there any clauses reflecting this that should be included in a relevant settlement agreement with an employee?
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Where a tenant fails to comply with the requirement of a lease to pay a rent deposit, for the purposes of forfeiture, is this a once-and-for-all breach or a continuing breach?
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