While estoppel is typically the result of an action or series of events that may be involuntary, the concept of waiver is often a voluntary renunciation, repudiation, or surrender of a claim or right.
What Do You Mean By Doctrine of Waiver and Estoppel
Waiver is a form of estoppel by which parties may give up their legal rights. Waiver by estoppel may occur when A represents to B that it will not enforce a right or entitlement which it has under the terms of the contract with B.
What is the Meaning of Waiver in Contract Law
According to contract law, ‘waiver’ is used to denote the granting of a concession by one party not insisting on the other party’s precise performance of its obligations under the contract. It is also where one party gives up its rights to take action or enforce its rights under a contract.