Forbearance in United Kingdom

Definition of Forbearance

In accordance with the work A Dictionary of Law, this is a description of Forbearance :

A deliberate failure to exercise a legal right (e.g. to sue for a debt). A forbearance to sue at a debtor’s request may be *consideration for some fresh promise by the debtor. A promise not to enforce a claim that is bad in law may still be consideration if the claim is believed to be valid. A requested forbearance, even if it is not binding, may have more limited effects either at common law or in equity (e.g. in certain circumstances it may not be revoked without reasonable notice).