What does the Non-Waiver of Rights clause specify?

The Non-Waiver of Rights clause is designed to clarify that just because a party fails to enforce a right at one time, it does not mean that the right is surrendered or lost permanently. This means that the party retains the ability to enforce that right in the future, regardless of previous inaction. Essentially, this clause protects parties from unintentionally giving up their legal rights by not acting on them immediately or consistently. By maintaining that failure to enforce does not eliminate the right itself, the clause reinforces the importance of both parties being able to assert their rights whenever necessary, ensuring ongoing protection and availability of those rights throughout the duration of the agreement. This understanding upholds the principle that legal rights remain intact unless expressly waived in a valid manner.