Document background
The Non-Waiver Agreement is commonly utilized in U.S. business contexts where parties need to maintain their legal and contractual rights while showing flexibility in enforcement. This document becomes particularly relevant when one party wishes to grant temporary concessions without permanently surrendering their rights. The agreement typically includes specific provisions about preserved rights, enforcement mechanisms, and the scope of non-waiver protection. It's especially important in ongoing business relationships where strict enforcement might temporarily be suspended but rights need to be preserved for future exercise.
