A One Time Waiver is utilized when a party needs to formally relinquish a specific right or claim under German law for a particular instance, while preserving their rights for future situations. This document is particularly relevant in commercial relationships where strict compliance with contractual terms is generally required, but a one-off exception is deemed appropriate. The waiver must be drafted in compliance with German Civil Code requirements and should clearly specify its one-time nature to prevent any interpretation as an ongoing waiver. It's commonly used in situations involving payment terms, delivery deadlines, performance requirements, or technical specifications where a temporary deviation from contractual obligations is agreed upon.

1. Parties: Identification and details of the party granting the waiver and the party benefiting from it

2. Background: Brief context of the situation leading to the waiver, including reference to the original agreement or right being waived

3. Definitions: Key terms used in the waiver, particularly defining the specific right or obligation being waived

4. Waiver Declaration: Clear and explicit statement of the right being waived and confirmation of its one-time nature

5. Scope and Limitations: Specific details of what is and isn't covered by the waiver, emphasizing its one-time application

6. No Precedent: Statement that this waiver does not create a precedent for future situations

7. Governing Law: Confirmation of German law as governing law and jurisdiction

8. Execution: Signature blocks and execution requirements under German law