What is a Waiver of Notice?

A waiver of notice is an agreement that allows people to conduct certain legal procedures without giving formal notification that he or she is going to do so.

How Does a Waiver of Notice Work?

For example, let's assume that John Doe dies and his estate goes to a probate court so that the judge can dole out the assets to heirs and beneficiaries.

Normally, the court must provide a formal public notice of the proceeding. But if the people who have an interest in John Doe's assets consent to a waiver of notice, the court can begin proceedings without having to notify them about all the proceedings regarding the will.

Corporations often use waivers of notice for annual stockholders meetings.

Why Does a Waiver of Notice Matter?

Waivers of notice expedite legal procedures by allowing everybody to skip over the step of announcing what's going on. However, this can also be dangerous for interest parties who want to keep tabs on cases. It is important to note that a waiver of notice does not change a person's right to information; it simply waives their right to advance notice of upcoming events.

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Paul Tracy
Paul Tracy

Paul has been a respected figure in the financial markets for more than two decades. Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 3 million monthly readers.