Document background
The Hardship Waiver is a crucial document in Nigerian commercial practice, particularly relevant in times of economic uncertainty or when unforeseen circumstances significantly affect contractual performance. It serves as a formal acknowledgment that a party understands and accepts the implications of waiving their rights to claim hardship, despite challenging circumstances that might otherwise justify such claims. This document is essential in various commercial contexts under Nigerian law, from construction projects to supply agreements, where parties need to proceed with contractual obligations despite difficult conditions. The waiver typically includes detailed descriptions of the specific hardship circumstances being waived, acknowledgments of understanding, and any consideration provided in exchange for the waiver.
