Document background
The Reverse Waiver agreement is utilized in situations where parties need to explicitly preserve certain rights while engaging in activities that might otherwise be interpreted as waiving those rights. This document type is particularly relevant in Hong Kong's dynamic commercial environment, where complex business relationships often require careful preservation of legal rights and remedies. The Reverse Waiver serves as a protective mechanism, especially in scenarios involving loan agreements, property transactions, or commercial arrangements where parties wish to maintain specific rights while proceeding with other aspects of their business relationship. The document typically includes detailed specifications of preserved rights, acknowledgments from all parties, and provisions ensuring compliance with Hong Kong law and regulations. It's commonly used in conjunction with other transaction documents to provide clarity and certainty regarding the parties' respective rights and obligations.
