Waiver of Claim of Breach
________________,
referred to as BUYER, herewith waives any cause of action or claim which I may
have because of the breach committed on or about _________________ by
________________. of the contract between us dated _______________, generally
related to:
____________________________________________________________
BUYER does not renounce
any claim for any other breach that may be hereafter committed and reserve my
rights to the following:
___________________________________________________________
_____________________________
BUYER
_____________________________
SELLER
Waiver of Claim of Breach
Review List
This review list is provided to inform you about this
document in question and assist you in its preparation. This document can assist adversarial parties
to “get over” a breach with the purposes of moving the relationship forward and
not descending into litigation. If the
relationship is worth preserving, this can be a good business approach to
resolving a difficulty without resorting to court. Formalizing it puts the parties in a proper
position should litigation result from the situation at a later time.
- Make multiple copies. Give one to each signatory. Keep one with the transaction file.
- You modify this form for a variety of breach waiver situations.
0 comments:
Post a Comment