Common use of Class Waiver Clause in Contracts

Class Waiver. To the fullest extent permitted by Applicable Law, each Party agrees that any Lawsuit will be conducted only on an individual basis and not in a class, consolidated or representative action. If for any reason a Lawsuit proceeds in court, each Party knowingly and irrevocably waives any right to trial by jury in any action, proceeding or counterclaim arising out of or relating to this Agreement or any of the transactions contemplated between the Parties.