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Agreement between two parties in which one party waives performance of an obligation by the other party.
Details:
Agreement between two parties in which one party waives performance of an obligation by the other party.
Form Outline:
Waiver of Performance
THIS AGREEMENT dated as of Effective Date of Waiver of Performance...
WHEREAS:
By a Describe Agreement which is the subject matter of this Waiver of Performance...;
The Original Agreement required the 2nd Party to...;
The 1st Party wishes...;
NOW THEREFORE in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
The parties agree that the recitals...
The 1st Party hereby waives...
Nothing herein shall constitute a waiver...
This Agreement may be executed in one or more counterparts...
The parties acknowledge that this Agreement may be transmitted...
IN WITNESS WHEREOF this Agreement has been executed by the parties hereto as of the date first above written.
General Contracts
