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letter_of_waiver_template.docxJurisdiction
England and WalesCost
Free to useContract party
Relevant sectors
Type of legal document
🧑🤝🧑 Waiver of breachBusiness activity
Lend or borrow a loanA waiver of breach is a legal document that states that a party has forgiven another party for breaching a contract. This type of waiver is typically used when one party wants to continue to do business with the other party, even though there has been a breach of contract.
This document typically includes the details of the agreement, such as the parties involved, the nature of the transaction, and any potential risks or hazards associated with the arrangement. It outlines the specific rights or legal claims being waived and the scope and limitations of this waiver. The letter often states that the waiver is made knowingly and voluntarily by the party granting it, without any coercion or duress.
A Letter of Waiver under UK law is commonly used in various contexts, such as sports events, recreational activities, employment contracts, rental agreements, or construction projects. It serves as a crucial legal protection, aiming to shield the waiving party from the possibility of future legal disputes or liabilities arising due to unforeseen circumstances or accidents.
It is essential to note that a Letter of Waiver does not absolve a party from legal consequences resulting from intentional acts of negligence or misconduct. While it can offer some level of protection, it is always recommended to seek legal advice before signing or drafting a waiver so that the rights and interests of both parties are adequately represented and preserved.
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