Material Waiver
Material Waiver
I. Introduction
This Material Waiver ("Waiver") is entered into on [Date] by and between [SUPPLIER NAME], with its principal place of business at [SUPPLIER ADDRESS] (hereinafter referred to as the "Supplier"), and [RECIPIENT NAME], located at [RECIPIENT ADDRESS] (hereinafter referred to as the "Recipient").
II. Purpose
The Supplier agrees to waive certain rights and responsibilities regarding the materials being supplied to the Recipient for the purpose of [BRIEF DESCRIPTION OF THE PURPOSE OF THE MATERIALS, INCLUDING ANY SPECIFIC PROJECTS OR INITIATIVES THEY ARE INTENDED FOR].
III. Description of Materials
The materials being supplied by the Supplier to the Recipient are described as follows: [DETAILED DESCRIPTION OF THE MATERIALS BEING SUPPLIED, INCLUDING ANY RELEVANT SPECIFICATIONS, QUANTITIES, AND IDENTIFYING INFORMATION].
IV. Waiver of Liability
The Supplier hereby irrevocably and unconditionally waives any liability for the materials supplied to the Recipient, including but not limited to defects, damages, or injuries caused by the materials, whether foreseeable or unforeseeable.
V. Acceptance of Responsibility
The Recipient acknowledges and agrees to assume full responsibility for the handling, use, and storage of the materials supplied by the Supplier, ensuring compliance with all applicable laws, regulations, and safety standards.
VI. Assumption of Risks
The Recipient acknowledges, understands, and expressly assumes all risks associated with the use of the materials, including but not limited to risks of injury, damage, or loss, whether known or unknown, anticipated, or unanticipated.
VII. Indemnification
The Recipient agrees to indemnify, defend, and hold harmless the Supplier, its officers, directors, employees, agents, successors, and assigns from and against any and all claims, damages, liabilities, losses, costs, or expenses (including attorneys' fees) arising out of or in connection with the use of the materials by the Recipient or its agents, employees, contractors, or representatives.
VIII. Governing Law
This Waiver shall be governed by and construed in accordance with the laws of [YOUR JURISDICTION], without giving effect to any choice or conflict of law provision or rule.
IX. Signature
By signing below, the Recipient acknowledges that they have carefully read, fully understand, and voluntarily agree to be bound by the terms of this Waiver.
[RECIPIENT NAME]
[DATE]
X. Acceptance by supplier
[SUPPLIER NAME], by its authorized representative, hereby acknowledges and accepts the terms of this Waiver.
[AUTHORIZED NAME]
[DATE]
