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In this video tutorial, Michele discusses the concept of waivers. A waiver is a present relinquishment of a known right. It is important that the right being waived is something you currently possess, and that you fully understand what you are giving up. Waivers can come up in various documents, including those related to banking or claims settlements. The key elements of a waiver include the present nature of the right being waived, the requirement of knowing what is being waived, and the necessity for the right to actually exist. Be sure to clearly understand and consider all aspects of a waiver before signing any document.
