What is a contractual waiver?

A contractual waiver is a legal document used in Hawaii contract law. It is used to declare a party’s intention to give up a certain right or obligation which they are usually legally entitled to or required to do. By signing a waiver, the party is releasing themselves from this obligation, and it is binding. Waivers are commonly used in contracts involving hazardous activities, such as skydiving or scuba diving. For example, when signing up to participate in a hazardous activity, the participant may be presented with a waiver. By signing the waiver, they are acknowledging and agreeing they understand the risks and hazards associated with the activity and that they are willing to accept them. The waiver also usually includes a section which states that even if the activity causes the participant injury or death, they cannot hold the company liable for any damages. In short, a contractual waiver is a legal document which is used to declare someone’s intention to give up a right or obligation they are legally entitled to or required to do, such as when participating in a hazardous activity. By signing a waiver, the party releases itself from that right or obligation and is legally bound to the waiver.

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What is a contractual waiver?

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