therefore, a waiver clause in a contract is a clause that governs the way a contractual party can waive a right and the consequences of the waiver. take the following questions into consideration: the answers to these questions depend on whether you’ve included a waiver clause in your contract and what kind of waiver clause you have. to choose the right waiver clauses for your contract, you have to make sure that you have a good understanding of your agreement and the reasons you’re using any particular clause. prior to becoming a lawyer, tom served as an officer in the u.s. army and attained the rank of captain.