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In this episode of Minute Law, Maria Spear Ollis from Spear IP explains the concept of a waiver within contracts as part of the "What's in My Contract" series. A typical waiver clause indicates that if one provision of a contract is waived, it doesn't mean subsequent provisions are automatically waived. She provides a hypothetical scenario involving a contract with a client that allows for late fees. If the client fails to pay on time and the service provider decides not to enforce the late fee once, the waiver clause protects the provider's right to enforce the fee in future instances. Therefore, past leniency does not relinquish the right to uphold terms later.
