A waiver is a legally binding provision where either party to a contract agrees to voluntarily waive a claim without liability of the other party.
Waivers can be either in writing or in some form of action.
Examples of waivers include waiver of parental rights, waiver of liability, waiver of material goods, and waiver on grounds of inadmissibility.
Denials are common at the conclusion of lawsuits as one party does not want the other to prosecute them after the transfer of the settlement agreement.
A disclaimer is signed to reduce exposure to risk.