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: ______________________________________________________________________________________________________________________________________