Document background
The Cancellation Fee Waiver is a crucial document used in Saudi Arabian business transactions when a service provider or vendor decides to forgo their right to collect cancellation fees that were originally agreed upon in a contract. This document becomes necessary in various situations, such as force majeure events, relationship maintenance with valuable clients, or when circumstances make it commercially prudent to waive such fees. The waiver must comply with both Saudi commercial law and Sharia principles, requiring careful consideration of the legal implications and proper documentation. It typically includes detailed information about the original agreement, specific fees being waived, and any conditions attached to the waiver, while ensuring that other contractual obligations remain intact.
