Waiver of the other's breach of any term

nagomi

Senior Member
Korean
"Neither Party's waiver of the other's breach of any term, covenant or condition contained in this Agreement shall be deemed to be a waiver of any subsequent breach of the same or any other term, covenant or condition in this Agreement."

I've always known that a waiver is to give up a right of something in case the person involved has made a breach of contract, for example. I can't see what "waiver of the other breach of any term" means. Breach can't be a right. How should I see this?

This is part of an agreement, and seems to be written by an European company.
 
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