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Legal Terms- Forbearance
The intentional abdication of a legal right, such as the right to suit for a debt. A debtor's request to forbear from pursuing legal action may be considered "consideration" for a new promise made by the debtor. If the claim is deemed to be genuine, a promise not to enforce a claim that is unconstitutional may still be taken into account. In certain circumstances, a requested forbearance may have more limited effects, either at common law or in equity, even if it is not binding (e.g., it may not be revoked without reasonable notice).
The intentional abdication of a legal right, such as the right to suit for a debt. A debtor's request to forbear from pursuing legal action may be considered "consideration" for a new promise made by the debtor. If the claim is deemed to be genuine, a promise not to enforce a claim that is unconstitutional may still be taken into account. In certain circumstances, a requested forbearance may have more limited effects, either at common law or in equity, even if it is not binding (e.g., it may not be revoked without reasonable notice).
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