The Fee Waiver agreement is essential in situations where an organization or individual wishes to formally document the waiving of fees that would typically be charged. This document type is commonly used across various Canadian jurisdictions and sectors, including educational institutions waiving tuition fees, financial institutions waiving service charges, or professional organizations waiving membership fees. The Fee Waiver must comply with Canadian contract law requirements and typically includes specific details about the fees being waived, the duration of the waiver, any conditions attached to the waiver, and the circumstances under which it might be modified or terminated. It serves as a formal record of the agreement and helps prevent future disputes about the waived fees.
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1. Parties: Identifies and defines all parties to the agreement, including the party waiving the fee and the beneficiary of the waiver
2. Background: Explains the context and circumstances leading to the fee waiver
3. Definitions: Defines key terms used throughout the agreement
4. Fee Description: Clearly identifies and describes the specific fees being waived
5. Waiver Terms: Details the exact nature of the waiver, including whether it is full or partial
6. Duration: Specifies the time period for which the waiver is valid
7. Conditions: Lists any conditions that must be met for the waiver to remain valid
8. Representations and Warranties: Statements of fact or promises made by each party
9. Governing Law: Specifies that Canadian law governs the agreement
10. Execution: Signature block and execution details
1. Revocation Rights: Include when the waiving party reserves the right to revoke the waiver under specific circumstances
2. Reporting Requirements: Include when the beneficiary must provide certain reports or meet specific requirements to maintain the waiver
3. Confidentiality: Include when the terms of the fee waiver should remain confidential
4. Assignment: Include when there's a need to address whether the waiver can be assigned to other parties
5. Dispute Resolution: Include when specific dispute resolution procedures are needed
6. Force Majeure: Include when external circumstances might affect the waiver terms
7. Related Agreements: Include when the fee waiver is connected to other agreements or contracts
1. Schedule A - Fee Schedule: Detailed breakdown of all fees being waived, including original amounts and any partial waiver calculations
2. Schedule B - Required Documentation: List of documents required to validate or maintain the fee waiver
3. Schedule C - Compliance Requirements: Detailed list of any ongoing compliance requirements for maintaining the waiver
4. Appendix 1 - Related Agreements: Copies or references to any related agreements affecting the fee waiver
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