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In this episode of Minute Law, Maria Spear Ollis discusses the concept of a waiver in contracts, part of the "What's in My Contract" series. A typical waiver clause indicates that waiving a contractual right once does not prevent future enforcement of that right. For example, if a contract allows a service provider to charge a late fee for late payments, and the provider decides to forgo the late fee once for a client who usually pays on time, the waiver clause ensures that this does not imply a permanent waiver. Thus, if the client continues to pay late, the provider retains the right to enforce the late fee in subsequent instances.
