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Claim Waiver Form

Claim Waiver Form Template for Malaysia

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Key Requirements PROMPT example:

Claim Waiver Form

"I need a Claim Waiver Form under Malaysian law for our construction company to settle a dispute with a subcontractor regarding delays in the Central Plaza project, with the subcontractor agreeing to waive all claims in exchange for an early final payment to be made by March 2025."

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Document background
The Claim Waiver Form is a critical legal document used in Malaysian business and personal contexts when one party wishes to formally relinquish their rights to pursue claims against another party. This document becomes relevant in various situations such as settlement of disputes, post-transaction arrangements, or employment matters. The form must comply with Malaysian legal requirements, particularly the Contracts Act 1950 and Civil Law Act 1956, and should clearly identify the parties involved, specify the claims being waived, and include proper execution formalities. A well-drafted Claim Waiver Form helps prevent future disputes by providing clear evidence of the waiver and protecting the released party from future claims related to the specified matters.
Suggested Sections

1. Parties: Identification of the party waiving the claim (Waiving Party) and the party being released (Released Party), including full legal names and relevant details

2. Definitions: Key terms used in the waiver, including 'Claim', 'Waiver Date', and any other relevant defined terms

3. Background: Brief context of the situation giving rise to the claim and the reason for the waiver

4. Waiver Declaration: Clear and unequivocal statement of the rights being waived, including the scope and extent of the waiver

5. Consideration: Statement of consideration being provided in exchange for the waiver, if any

6. Acknowledgments: Confirmations by the Waiving Party regarding understanding of rights being waived and having received independent legal advice

7. Governing Law: Specification that Malaysian law governs the waiver

8. Execution: Signature blocks and execution requirements

Optional Sections

1. Multiple Parties: Additional provisions for cases involving multiple waiving or released parties

2. Corporate Authority: Required when either party is a corporation, confirming authority to execute the waiver

3. Related Claims: Provisions addressing future or related claims when relevant

4. Severability: Clause ensuring remainder of waiver remains valid if any part is found unenforceable

5. Confidentiality: Provisions regarding confidentiality of the waiver and underlying dispute when privacy is required

6. Translation Declaration: Required when the waiver is provided in multiple languages

Suggested Schedules

1. Schedule 1 - Details of Claim: Detailed description of the claim(s) being waived, including relevant dates, amounts, and circumstances

2. Schedule 2 - Related Documents: List of any related agreements, court documents, or other relevant materials

3. Schedule 3 - Corporate Information: Corporate details and authorization documentation when corporate parties are involved

4. Appendix A - Supporting Evidence: Copies of relevant supporting documents or evidence related to the claim being waived

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




















Clauses




















Relevant Industries

Construction

Manufacturing

Financial Services

Real Estate

Healthcare

Insurance

Retail

Professional Services

Technology

Transportation

Education

Hospitality

Relevant Teams

Legal

Compliance

Human Resources

Finance

Risk Management

Operations

Corporate Secretariat

Administrative

Business Development

Project Management

Relevant Roles

Legal Counsel

Corporate Secretary

Risk Manager

Compliance Officer

Human Resources Director

Chief Financial Officer

Contract Manager

Claims Manager

Business Development Manager

Operations Manager

Project Manager

General Manager

Chief Executive Officer

Settlement Officer

Legal Administrator

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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