Document background
The One Time Waiver is a specialized legal instrument used when a party needs to formally waive certain rights or obligations for a specific instance while preserving these rights for future situations. This document type is particularly useful in Austrian business contexts where temporary deviation from contractual or legal rights is necessary without creating a permanent modification. The waiver must comply with Austrian Civil Code (ABGB) requirements and clearly specify the scope, parties involved, and one-time nature of the waiver. It's commonly used in situations such as deadline extensions, temporary requirement modifications, or specific instance compliance waivers. The document typically includes detailed identification of the waived rights, confirmation of the parties' understanding, and explicit statements about the non-precedential nature of the waiver.
