Waiver

A waiver is the voluntary relinquishment or surrender of some known right or privilege.

Regulatory agencies or governments may issue waivers to exempt companies from certain regulations. For example, a United States law restricted the size of banks, but when banks exceeded these sizes, they obtained waivers. In another example, the United States federal government may issue waivers to individual states so that they may provide Medicaid in different ways than the law typically requires.

While a waiver is often in writing, sometimes a person's actions can act as a waiver. An example of a written waiver is a disclaimer, which becomes a waiver when accepted. When the right to hold a person liable through a lawsuit is waived, the waiver may be called an exculpatory clause, liability waiver, legal release, or hold harmless clause.

In some cases, parties may sign a "non-waiver" contract which specifies that no rights are waived, particularly if a person's actions may suggest that rights are being waived. This is particularly common in insurance, as it is less detailed than a reservation of rights letter; the disadvantage is that it requires the signature of the insured.

Waivers (NHL)

Waivers is a National Hockey League (NHL) labor management procedure by which an NHL team makes a professional ice hockey player’s contract and rights available to all other NHL teams. Other NHL teams "waive" any claim to a player designated for assignment in the American Hockey League (AHL) or designated for release. The process is typically referred to as "being placed on waivers."

Minor league assignment procedure

In the NHL, each player signs what is, or is a variation of, a standard NHL player's contract. The contract specifies that the team has exclusive rights to the player playing in the NHL. Once an NHL player has played in a certain number of games or a set number of seasons has passed since the signing of his first NHL contract (see here), that player must be offered to all of the other NHL teams before he can be assigned to a minor league affiliate. In the 2005 Collective Bargaining Agreement (CBA) assignment waivers applies only to loans from an NHL club to its American Hockey League (AHL) affiliate.

Waivers

Waiver or Waivers may refer to:

See also