A waiver clause in a contract specifies conditions under which one or both parties can relinquish their rights to enforce certain terms of the contract. In maritime and other contracts, this clause is significant for:

Flexibility in Enforcement: Allows parties to forego certain rights voluntarily, which can aid in maintaining business relations and adapting to unforeseen circumstances.
Legal Assurance: Provides a structured way to manage exceptions to contract terms without resulting in a breach of contract.

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What is Wharfage?