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In this tutorial, Sharon from Let's Get Down to Business Boot Camp explains the waiver clause commonly found in contracts, typically located towards the end in the general terms or miscellaneous section. This clause states that if one party fails to enforce a contract due to another party's wrongdoing, it does not waive their right to enforce future breaches or seek remedies. In simpler terms, if one party overlooks a violation, it doesn't mean they've forfeited their rights to address any future violations or seek assistance.