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A liability waiver is a legal document that a person who participates in an activity may sign to acknowledge the risks involved in their participation. By doing so, the company attempts to remove legal liability from the business or person responsible for the activity.
[[Category:Organization templates]] to the <includeonly> section at the bottom of that page. Otherwise, add <noinclude>[[Category:Organization templates]]</noinclude> to the end of the template code, making sure it starts on the same line as the code's last character.
While a waiver is often in writing, sometimes a person's words can also be used as a counteract to a waiver. An example of a written waiver is a disclaimer , which becomes a waiver when accepted. When the right to hold a person liable through a lawsuit is waived, the waiver may be called an exculpatory clause , liability waiver , legal release ...
Waiver is the voluntary relinquishment, surrender or abandonment of some known right or privilege. Forfeiture is the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform, etc.
An executive waiver is an administrative tool used by presidents of the United States, and other of its Federal executives, permitting the selective enforcement of some laws. The right of the president to delay implementation of certain provisions is normally written into a law, to provide flexibility that Congress cannot offer.
Another more practical drawback is the conservative nature of the law. Even if use of a sworn statement is fully authorized, another individual to the transaction, such as a party to a business transaction or another person's attorney, may be unacquainted with the form and refuse to accept it in lieu of a notarized affidavit.