Forbearance
30 Oct 2011 Leave a Comment
in Uncategorized Tags: act, consideration, contract, done, enforce, failure, Forbearance, future, immediate, international, party, refer, relinquish, requirement, right, waiver
Forbearance is an international failure of a party to enforce a contract requirement, usually done for an act of immediate or future consideration from the other party. Sometimes forbearance is referred to as a non-waiver or as a one-time waiver, but not a relinquishment of rights.
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