Waiver of subrogation definition
Waiver by definition. 3/10 year bar Waiver granted in less than 1 day.
A waiver is a demonstration, usually in written form, of a party’s intent to relinquish a legal right or claim. The key point to note is that the relinquishment is voluntary, and can apply to a variety of legal situations. Essentially, a waiver removes a real or potential liability for the other party in the agreement. It is a formal statement giving up a right. An intentional relinquishment of some right, interest, or the like. an express or written statement of such relinquishment.