The Cancellation Fee Waiver is essential in situations where a business decides to waive contractually established cancellation fees for strategic, customer relation, or compliance reasons. This document is commonly used across Canadian jurisdictions when there are legitimate grounds for waiving such fees, such as customer hardship, service issues, or business relationship considerations. The waiver helps businesses maintain flexibility in their contract enforcement while providing legal protection through proper documentation. It typically includes details about the original contract, the specific fees being waived, the extent of the waiver, and any conditions attached. The document must be drafted in compliance with relevant provincial consumer protection laws and may need to address specific regulatory requirements depending on the industry sector.
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1. Parties: Identification of the party granting the waiver and the party receiving the benefit of the waiver
2. Background: Context of the original agreement containing the cancellation fee and the circumstances leading to the waiver
3. Definitions: Key terms used in the waiver, including 'Cancellation Fee', 'Original Agreement', and any other relevant defined terms
4. Waiver Details: Specific details of the cancellation fee being waived, including the amount and the original basis for the fee
5. Scope of Waiver: Clear statement of what is being waived and the extent of the waiver
6. Effective Date: When the waiver comes into effect
7. Acknowledgment: Acknowledgment by both parties of the waiver and its implications
8. Governing Law: Specification that the waiver is governed by Canadian law and the applicable province
1. Conditions Precedent: Used when the waiver is conditional upon certain events or actions being completed
2. Partial Waiver Provisions: Include when only a portion of the cancellation fee is being waived
3. Related Party Provisions: Required when the waiver affects or involves additional related parties
4. Confidentiality: Include when parties wish to keep the terms of the waiver confidential
5. Regulatory Compliance: Include when specific regulatory requirements need to be addressed
6. Future Rights: Include when need to specify that the waiver does not affect future rights or obligations
7. Dispute Resolution: Include when specific dispute resolution mechanisms need to be established
1. Schedule A - Original Agreement Reference: Copy or relevant excerpts of the original agreement containing the cancellation fee
2. Schedule B - Calculation of Waived Amount: Detailed breakdown of the cancellation fee being waived, if complex calculations are involved
3. Schedule C - Supporting Documents: Any relevant supporting documentation justifying or evidencing the basis for the waiver
Relevant legal definitions
Clauses
Relevant Industries
Telecommunications
Software and Technology
Fitness and Recreation
Property and Real Estate
Education and Training
Professional Services
Financial Services
Healthcare Services
Hospitality and Tourism
Retail and Consumer Services
Relevant Teams
Legal
Customer Service
Account Management
Operations
Compliance
Risk Management
Finance
Client Relations
Sales
Contract Administration
Relevant Roles
Legal Counsel
Contract Manager
Customer Service Manager
Account Manager
Business Development Manager
Operations Manager
Compliance Officer
Risk Manager
Financial Controller
Client Relations Director
Sales Director
Chief Financial Officer
Chief Legal Officer
Customer Experience Manager
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