Congratulations!
Correct Answer!
Waiver
A. The voluntary relinquishment or abandonment, express or implied, of a legal right or advantage.
Listen to pronunciation
Note - Waiver is a
noun and the associated verb is to
waive. We can waive
or "give up" rights as individuals, but governments can also sometimes
give up
or waive their laws or
regulations. For example, cities often have laws and regulations
about how and where you can build a building. If you want to do
something different, then you have to get a building code waiver from the
city government in order to legally build.
Legal Definition -
1. The voluntary relinquishment or abandonment, express or implied, of a legal right or advantage; forfeiture <waiver of notice>. 2. The instrument by which a person relinquishes or abandons a legal right or advantage <the plaintiff must sign a waiver when the funds are delivered>.
Black's Law Dictionary® Eighth
Edition © 2004
Recent Usage -
"Class action firm Chimicles & Tikellis, based in Haverford, Pa., received a victory out of a federal court in Michigan last week in the beginning stages of its class action suit against cellular services provider T-Mobile USA. The firm's client, Chun Wing Wong, is the only known plaintiff of a yet-to-be certified class that is suing T-Mobile for overcharging customers due to a billing system error that has yet to be resolved. Steven A. Schwartz of Chimicles & Tikellis and E. Powell Miller of Miller Shea in Michigan argued against moving the case to arbitration. T-Mobile had an arbitration provision in its contract, and within that provision, the company added a class action
waiver that would not allow class actions at arbitration, according to court documents."
Read
more...