Document background
The Waiver Contract is a crucial legal instrument in Swiss business and civil matters, used when one party wishes to formally surrender certain rights, claims, or privileges. This document type is particularly relevant in settlement agreements, employment terminations, liability releases, and commercial transactions. The contract must be drafted in accordance with Swiss law, specifically the Swiss Code of Obligations and relevant provisions of the Swiss Civil Code. It requires careful attention to detail as Swiss courts closely scrutinize waivers to ensure they are voluntary, clearly understood, and not contrary to mandatory law. The document typically includes detailed descriptions of the rights being waived, acknowledgments of understanding, and any consideration provided. Special attention must be paid to ensure the waiver does not violate Swiss public policy or attempt to waive non-waivable rights.
