Waiver
A waiver is a formal document that relinquishes a known right or claim, providing flexibility and reducing potential conflicts in various situations. It allows individuals or entities to devise agreements that bypass specific obligations or liabilities, such as in sports or business. Waivers are beneficial in fostering goodwill, maintaining relationships, and ensuring accessibility to opportunities. By clearly outlining conditions and limitations, waivers offer a fair and efficient way to address specific needs and situations.