MUTUAL WAIVER OF SUBROGATION CLAUSES
Because they are more and more commonly used, it is worth our time to look into these clauses and understand how they affect both the policyholder and the insurance company. Let’s start with discussing what these clauses mean. What is a mutual waiver of subrogation clause? These clauses are commonly found in construction and landlord tenant contracts. The language insists that the parties to the contract mutually agree to waive [...]