When a party accepts contractual liability while surrendering defenses that would normally mitigate or exclude claims, a waiver-of-defenses clause takes effect.
Source: https://www.law.cornell.edu/wex/waiver
Tools that match this term
You might also be interested in these terms
Weekly: Top news, industry facts and insights from the world of logistics – free.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.