By: Martin M. Shenkman, CPA, MBA, JD

Laches is an equitable legal doctrine that provides if you don't exercise your legal rights with reasonable diligence (you sit on your rights) that they will be forfeited. If you have a claim or other legal right, you have to carefully evaluate how long you defer pursuing it to avoid loosing it. Courts at some point will find it unfair to assert a claim that you neglected to pursue.

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