Legal Definitions - waive

Waive

To "waive" means to give up something voluntarily. This can apply to different legal situations, such as giving up a legal right or not enforcing a term of a contract. When you waive something, you remove a real or potential liability for another party in the contract. This can be done in writing or through some form of action.

• John waived his right to a jury trial and instead opted for a bench trial.
• The company waived its right to sue the supplier for breach of contract.
• Mary waived her right to a speedy trial in exchange for a plea bargain.

These examples illustrate how someone can waive a legal right or a term of a contract. By doing so, they are giving up something that they are entitled to, which can benefit the other party involved. For instance, John waived his right to a jury trial, which means that the judge will decide the outcome of his case instead of a group of jurors. This can be beneficial for the other party if they believe that the judge will rule in their favor. Similarly, the company waived its right to sue the supplier, which means that they cannot take legal action against them for breaching the contract. This can benefit the supplier by removing the potential liability of being sued.