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Wa Wi

Warranty

A promise by a contracting party that the other party can rely on certain facts or representations as being true, A seller, for example, may warrant that certain products will meet a list of specifications furnished by the buyer.

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WIPO

The World Intellectual Property Organization is specialized agency of the United Nations system that seeks to promote international cooperation in the protection of intellectual property rights around the world through cooperation among states. WIPO administers the International Union for the…

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Without prejudice

A term used in the negotiation process to indicate that a particular conversation or letter cannot be used as evidence in court.

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Without reserve

A term indicating that an agent or representative is empowered to make definite decisions and adjustments without the approval of the principal represented. This is the opposite of advisory capacity.

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