Definition and Example. Imagine that you are walking along the sidewalk of a busy road with a group of friends. It's a hot, humid, and sunny day. Everyone is wearing shorts and loose clothing to battle the heat. You look to your left and see a man in a long fur coat and a tall pair of winter boots.
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.
One lien waiver form applies to all persons and projectsâworded so generals, subs, and suppliers can use and sign. Re-usable PDF--use over and over for each progress draw and other jobs. Comes with: 1) partial Waiver in PDF, 2) partial Waiver in Word format, 3) Law Manual, 4) detailed instructions.