Document background
The Waiver Agreement is a crucial legal instrument in Philippine business and personal transactions where one party wishes to release another from potential liability or obligations. This document type is commonly used in various contexts, from corporate transactions to recreational activities, where risk management is essential. The agreement must be drafted in compliance with Philippine civil law requirements, particularly the Civil Code of the Philippines and relevant jurisprudence on waivers. A properly executed Waiver Agreement helps prevent future disputes by clearly documenting the rights being relinquished and ensuring all parties understand their positions. It's essential to note that not all rights can be waived under Philippine law, particularly those involving public policy or constitutional protections.
