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In this video tutorial, Michelle explains the concept of a waiver. A waiver is a legal term that arises in various documents, often related to settlements or agreements with banks. For a waiver to be valid, it must involve a present relinquishment of a known right, meaning the right must currently exist, not be speculative or future-oriented. Additionally, the individual must be aware of the right being waived, and this should be clearly stated in the document before signing. Thus, signing a waiver signifies the intentional giving up of an existing right.
