Waivers

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Commonly Asked Questions about Waivers

Meaning What does it mean when you get a waiver?

an official decision that a rule, or agreement does not have to be obeyed, or that you will not ask for something that you have a right to: grant/obtain/sign a waiver Contributors signed a waiver giving up any rights to future profits. WAIVER | definition in the Cambridge English Dictionary cambridge.org dictionary waiver cambridge.org dictionary waiver

What does getting a waiver mean?

A waiver is a formal statement giving up a right. If you go on a school trip, your mom might sign a waiver saying that the school is not responsible if you get hurt on the trip. When you sign a waiver, youre voluntarily giving up a privilege or legal right.

What does it mean when someone is placed on waivers?

Definition. When a player is placed on outright waivers, the other 29 Major League clubs have the opportunity to claim him. The claiming club assumes responsibility for the remaining money owed to the claimed player, who is placed on his new clubs 40-man roster. Claiming priority is based on reverse winning percentage

What is an example of a waiver?

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.

What does it mean when someone signs a waiver?

Essentially, a waiver removes a real or potential liability for the other party in the agreement. For example, in a settlement between two parties, one party might, by means of a waiver, relinquish its right to pursue any further legal action once the settlement is finalized.

What does its mean on a waiver?

Sometimes we use the word Its instead of title. It is intended to designate what position the signer holds at the company, in order to give evidence that this person is authorized to sign on behalf of the company.

What does a waiver mean?

1. : the act of intentionally relinquishing or abandoning a known right, claim, or privilege. also : the legal instrument evidencing such an act. 2. : the act of a clubs waiving the right to claim a professional ball player who is being removed from another clubs roster.