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Dictionary by pitch.dog
Core contract language · Core

Waiver

Also called: covenant waiver, contractual waiver

ELI5

Intentional relinquishment or non-enforcement of a right, often limited by a no-waiver clause.

Used in conversation

“Do not describe waiver as agreed until the operative document says so.”

Pitch context

You will see “Waiver” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches core contract language.

Why it matters: In core contract language, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Connected terms

  • WaiverThe same visible label “Waiver” names different concepts.
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Sources & evidence · 9

Direct term-level sources and supporting source families.