Waiver of Claim Breach

How To Use

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.

This review list is provided to inform you about this document in question and assist you in its preparation.

  • 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.

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