Definition - What does Disclaim mean?
To disclaim is to give up a legal right, or to declare that one does not possess something, such as knowledge or responsibility. In the context of the law, many people often disclaim certain legal rights. For example, if a person inherits an old painting in a will, and they don't want it, they can disclaim their right to it.
Justipedia explains Disclaim
People often disclaim responsibility in a legally binding way in order to prevent being sued. For example, a manufacturer of a machine may disclaim that the machine cannot be guaranteed to work properly after 10 years. By doing this, they may prevent potential losses from lawsuits from people who have their machines perform poorly after 10 years. If they don't disclaim this information, then it could be possible that they could be held liable.