Time delays which extend a legal action or claim beyond the limits allowed under the statute of limitations in order to bring about the loss of another's right to make a claim or pursue legal action
{i} (Law) failure to act within the time allowed; legal principle by which one loses the right to compensation if one does not act within the time allowed
A legal doctrine whereby those who take too long to assert a legal right, lose their entitlement to compensation When you claim that a person's legal suit against you is not valid because of this, you would call it "estoppel by laches"
neglecting to assert a right or claim which taken together with a lapse of time and other circumstances, causes prejudice to adverse party, thereby operating as a bar in a court of equity
A common law term derived from the Courts of equity, referring to the failure of a plaintiff to assert his claim within a reasonable time, which alone or with other circumstances, causes prejudice to his debtor or to third parties, resulting in the dismissal of his tardy suit on equitable grounds Laches is frequently invoked in admiralty courts, especially in the United States where there are few statutes of limitation applicable to maritime claims See Tetley, M L C , 2 Ed , 1998 at pp 857, 863-868, 882-883, 901, 908-909; Tetley, Int'l C of L , 1994 at pp 559, 673-677, 687-688, 691, 698
An unreasonable delay that makes it inequitable to give the relief sought by a party in court Lacquer: (1) Any varnish coating particularly those found on metal; (2) a solution of cellulose nitrate that dries to form a film; (a) urushi, or oriental lacquer Load line: The line that bears the weight of a lift Loan agreement: A contract between a lender and a borrower of an object or objects, specifying the object(s) and outlining the conditions of loan and the respective responsibilities of each party Loss limit: The maximum amount an insurance policy will pay for a single loss ABC- DEF- GHI- JKL- MNO- PQR- STU- VWX- YZ Updated 12-3-98 Please send comments to: the RCAAM Webmaster
An equitable doctrine used by courts to bar a legal claim or prevent the assertion of a right because of undue delay or failure to assert the claim or right