Establishing secure connection…Loading editor…Preparing document…

Business Contract and Waiver

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

Business Contract and Waiver

This Business Contract and Waiver (the Agreement) is entered into as of the date set forth below by and between:

Client Name:

Service Provider Name:

Agreement Date:

RECITALS

WHEREAS, Client desires to obtain certain business services as described herein and agrees to assume certain risks; and

WHEREAS, Service Provider represents that it has the expertise, personnel, and licensing necessary to perform the services described in this Agreement and agrees to perform such services in accordance with the terms set forth below; and

WHEREAS, the parties intend by this Agreement to set forth their respective rights and obligations, to allocate certain risks between them, and to provide a release and waiver of certain claims as set forth below.

SCOPE OF WORK

PAYMENT TERMS

Total Contract Amount: $

Deposit Amount (if any): $   Balance Due By:

Late Payment Fee: . If Client fails to timely pay any amount due, interest and collection costs shall accrue as set forth above.

TERM AND TERMINATION

Term Commencement Date:   Term Expiration Date:

Either party may terminate this Agreement for material breach by the other party if the breaching party fails to cure such breach within days after written notice. Termination does not relieve either party of obligations accrued prior to termination.

CONFIDENTIALITY

Each party agrees that it will not disclose Confidential Information of the other party except as necessary to perform its obligations under this Agreement. "Confidential Information" includes non-public business, technical, financial and customer information disclosed in oral, written or electronic form. The receiving party shall use at least the same degree of care to protect Confidential Information as it uses to protect its own confidential information, but not less than reasonable care. This obligation survives termination for a period of three (3) years.

WARRANTY, WAIVER AND RELEASE

Service Provider warrants that services will be performed in a professional and workmanlike manner in accordance with industry standards. EXCEPT FOR THE EXPRESS WARRANTY SET FORTH IN THE PRECEDING SENTENCE, SERVICES ARE PROVIDED "AS IS" AND PROVIDER DISCLAIMS ALL OTHER WARRANTIES TO THE FULLEST EXTENT PERMITTED BY LAW.

Client acknowledges and agrees, to the maximum extent permitted by law, to release and waive any claims against Service Provider and its officers, agents, and employees for incidental, consequential, or indirect damages arising from or related to the performance of services, except where such claims arise from the gross negligence or willful misconduct of Service Provider.

Client acknowledges receipt of the services described above and accepts the risks associated with those services. Client hereby affirms acceptance of this release by checking the box below:

INDEMNIFICATION

Each party shall indemnify, defend and hold harmless the other party from and against any third-party claims, damages, liabilities, costs and expenses (including reasonable attorneys' fees) arising out of the indemnifying party's breach of this Agreement, negligence, or willful misconduct.

LIMITATION OF LIABILITY

Except for liability arising from gross negligence, willful misconduct, or breach of confidentiality, neither party shall be liable to the other for lost profits, lost business, or other consequential, special, or punitive damages, and the aggregate liability of either party for any claim arising under this Agreement shall not exceed the total amounts actually paid by Client to Service Provider under this Agreement in the six (6) months preceding the claim.

NOTICES

All notices required or permitted hereunder shall be in writing and delivered to the addresses set forth above or to such other address as a party may designate in writing. Notices shall be deemed given upon personal delivery or three (3) days after deposit in the mail with postage prepaid.

GOVERNING LAW; DISPUTE RESOLUTION

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to its conflict of laws principles. The parties agree that any dispute arising out of or related to this Agreement shall be resolved through good faith negotiation, and if unresolved, submitted to binding arbitration in the agreed-upon county under the rules of a recognized arbitration body.

ENTIRE AGREEMENT; AMENDMENT

This Agreement, including all exhibits and attachments hereto, constitutes the entire agreement between the parties and supersedes all prior agreements and understandings relating to the subject matter hereof. No amendment shall be effective unless in writing and signed by duly authorized representatives of both parties.

SEVERABILITY

If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect and the parties shall negotiate in good faith a substitute provision to effect the original intent.

EXECUTION

The individuals signing below represent and warrant that they are authorized to enter into this Agreement on behalf of the party for which they sign.

Client:

By:

Date:

Service Provider:

By:

Date:

Enter text✕

What a Business Contract and Waiver Is

A Business Contract and Waiver is a combined legal agreement that defines the terms of a commercial relationship and includes a waiver of specified claims or liabilities. It sets mutual obligations, deliverables, payment, timelines, and risk allocation while documenting which rights a party agrees to release or limit. These documents are used across transactions where one party accepts limited liability in exchange for services, access, or consideration. Properly drafted contracts and waivers reduce ambiguity, establish remedies for breach, and create an evidentiary record for enforcement in court or arbitration.

Why a Clear Contract and Waiver Matters

Used to allocate risk and clarify expectations, a Business Contract and Waiver streamlines dispute resolution and documents consent to limited claims. It provides enforceable terms for payment, scope, and responsibility, reducing litigation risk and improving certainty for both parties.

Why a Clear Contract and Waiver Matters

Who Typically Uses This Document

Common users include small and large contracting businesses, service providers, event venues, and freelance professionals who require liability releases.

  • Real estate landlords using waivers for tenant hold-harmless clauses during renovations.
  • Contractors and subcontractors adding express waiver language for on-site risks and lien releases.
  • Healthcare providers combining service agreements with consent and limited liability waivers.

Organizations should verify signer authority, witness counts, and notarization rules by state before executing the contract.

Who Signs and Why

Owner / CEO

A business owner or CEO signs when the waiver affects company obligations or financial commitments. They must ensure the contract's scope aligns with company policy and that consideration and indemnity clauses are acceptable to limit corporate exposure.

Legal Counsel

In-house or outside attorneys review waiver language, advise on enforceability under ESIGN and UETA, and confirm that exceptions (wills, certain notices) are not inadvertently waived. Counsel should also recommend state-specific adjustments and retention schedules.

Core Elements to Include in the Document

Primary elements of a Business Contract and Waiver balance obligations, risk transfer, and procedures for execution, dispute resolution, and recordkeeping.

Parties

Identify each party with full legal name, business entity type, and contact information. Include authorized representative title and signing authority to prevent later challenges to corporate signature validity.

Scope

Describe services, deliverables, and timeline with measurable milestones. Limit vague terms; attach exhibits or SOWs for technical specifications and acceptance criteria to reduce interpretation disputes.

Consideration

State monetary amounts, credits, or mutual promises that constitute consideration. Record payment schedule, invoicing terms, and remedies for nonpayment to preserve enforceability of waivers tied to consideration.

Waiver Language

Specify the scope of waived claims, the duration of the release, and any carve-outs for mandatory statutory rights. Avoid overly broad phrasing that courts commonly construe narrowly or void as contrary to public policy.

Dispute Resolution

Include choice of law, venue, and whether disputes proceed by arbitration or court. Provide notice and cure periods, which can affect enforceability and timeliness of claims and waivers.

Execution

Specify required signatures, witness counts, and notarization needs. State whether electronic signatures are permitted and define acceptable authentication methods to meet ESIGN and UETA requirements.

Step-by-Step: Completing the Contract and Waiver

Step-by-step completion ensures valid waiver execution and reduces post-signing disputes; follow the order below carefully.

  • 01
    Prepare Document: Draft scope, consideration, and waiver clauses clearly.
  • 02
    Confirm Authority: Verify signatory has authority to bind entity.
  • 03
    Authenticate Signer: Use ID, SMS code, or notarization as required.
  • 04
    Record & Retain: Save executed copy with audit trail and retention note.

Configure an Online Signing Workflow

Configure the online signing workflow to capture consent, authentication, and attachments required for legal validity.

Field Configuration
Signing Order Set sequential or parallel signer order.
Authentication Email link, SMS code, or KBA challenge.
Attachments Required Attach exhibits, SOWs, and proof of insurance.
Retention Setting Enable audit trail retention and export to PDF/A.

Typical Online Signing Flow

Typical online signing flow outlines steps from upload to final audit trail; follow this sequence for reliable execution.

  • Upload Document: Import contract and exhibits into platform.
  • Place Fields: Add signature, date, and initial fields.
  • Add Signers: Enter signer emails or generate secure links.
  • Complete Signing: Signer authenticates, signs, and receives certificate.

Platform and Integration Considerations

Ensure the platform supports secure e-signatures, authentication options, and compliance features, including audit trails and encryption, before executing waivers electronically.

  • Integrations: Salesforce, NetSuite, Google Workspace supported.
  • File Formats: Accepts PDF, DOCX, HTML, Excel.
  • Authentication: SMS codes, SSO, knowledge-based options.

Security and Compliance Snapshot

Encryption: TLS 1.2/1.3 in transit; AES-256 at rest
Compliance: ESIGN, UETA, HIPAA (BAA required)
Certifications: SOC 2 Type II, ISO 27001, PCI DSS
Accessibility: WCAG 2.0 Level AA compliance
Audit Trail: Timestamped logs, signer IP, action history
Data Residency: EU–U.S. Data Privacy Framework support

Key Risks and Legal Consequences

Unenforceable Waiver: Overbroad waivers may be void
Incorrect Signatory: Unauthorized signer can void agreement
Missing Notarization: State law may require notarization
HIPAA Violations: Improper PHI release risks penalties
Tax Consequences: Incorrect consideration reporting triggers penalties
Statute Limits: Claims may be non-waivable by law

Common Preparation Mistakes to Avoid

  • Failing to define consideration precisely leads to disputes about whether the waiver was supported by adequate consideration and can undermine enforceability.
  • Using blanket language that attempts to waive future gross negligence or intentional misconduct can render parts of the waiver invalid under state public policy.
  • Omitting signer authentication steps, such as identity verification or notarization where required, increases the risk of later challenges to signature validity.
  • Filing inconsistently formatted electronic records without audit trails or retention policies can make reproduction in court difficult and violate ESIGN record reproduction requirements.

Pricing and Feature Comparison for eSignature Platforms

Platform pricing and feature comparison for typical eSignature requirements related to contract and waiver workflows.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day free trial Varies by plan Varies by plan Varies by plan Varies by plan
Bulk Send Yes Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No

Frequently Asked Questions

Answers to common questions about drafting, executing, and storing Business Contracts and Waivers, including eSignature considerations and compliance obligations.


Need help? Contact support

be ready to get more
Join over 28 million airSlate SignNow users