Glossary Archive

Waiver of Rights in Arbitration Agreements A waiver of rights in arbitration agreements refers to the voluntary relinquishment or surrender of a party's legal rights to pursue certain claims through traditional litigation, opting instead for arbitration as the dispute resolution method. This concept is often embedded within the terms of the arbitration agreement itself, which...

The Waiver of Spousal Rights is a legal document in which one spouse voluntarily relinquishes or gives up certain rights they would otherwise have under law regarding the other's property, estate, or benefits upon death or divorce. This waiver is often utilized in estate planning to clarify intentions and to prevent disputes regarding the distribution...

Waiver of Subrogation A waiver of subrogation is a contractual provision that prevents an insurer from seeking reimbursement from a third party that may have caused a loss after the insurer has paid a claim to the insured. This provision is commonly included in insurance policies and various contracts, particularly in construction, real estate, and...

Warranty Deed A warranty deed is a legal document used in real estate transactions that guarantees the seller has clear title to the property and the right to sell it. This type of deed provides the highest level of protection for the buyer because it includes a formal promise that the property is free from...

Warranty of Authority Clause A Warranty of Authority Clause is a provision commonly included in contracts, particularly in agreements involving agents or representatives. This clause asserts that the person signing the contract on behalf of another party has the legal authority to bind that party to the agreement. It serves as a guarantee that the...

Water Allocation Agreement A Water Allocation Agreement is a legal contract that outlines the terms and conditions under which water rights are distributed and managed among different parties, such as individuals, businesses, or governmental entities. These agreements are essential in areas where water resources are limited or over-allocated, ensuring that all parties have a clear...

Water Rights Agreement A Water Rights Agreement is a legal contract between parties that outlines the allocation, use, and management of water resources. These agreements are essential in regions where water is scarce or where multiple parties rely on the same water source for agricultural, residential, or industrial purposes. A Water Rights Agreement typically includes...

Water Rights Dispute Resolution Panels Water Rights Dispute Resolution Panels are specialized bodies or groups established to address and resolve conflicts related to water rights among various stakeholders, such as individuals, agricultural entities, municipalities, and industries. These panels are often created under state or regional laws to facilitate an efficient and fair resolution process for...

Water Rights Transfer Agreement A Water Rights Transfer Agreement is a legal document that facilitates the transfer of water rights from one party to another. Water rights pertain to the legal entitlement to use water from a specific source, such as rivers, lakes, or underground aquifers, for various purposes including agricultural, industrial, or municipal uses....

Water Well Easement Agreement A Water Well Easement Agreement is a legal document that grants a property owner the right to access and use water from a well located on another property. This agreement outlines the terms and conditions under which the easement is granted, including the specific area of access, maintenance responsibilities, and any...