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- To sign a waiver means to give up a legal right or claim voluntarily1. A waiver is usually a written form that states the risks involved in certain activities and the agreement not to sue the other party for any damages caused2. A waiver is used to protect the party that provides the form from liability2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
Waivers are signed in order to mitigate exposure to risk. 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.
www.investopedia.com/terms/w/waiver.aspWhen the form is signed, the releasor accepts that they understand the risks involved and promises not to sue the releasee for any damages caused. A waiver is an essential document that informs participants of the risks involved in certain activities and also protects you from liability.
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