Opinion ID: 2180498
Heading Depth: 2
Heading Rank: 2

Heading: Criteria for Waiver of Contractual Requirements or Conditions

Text: It is well settled in Delaware that contractual requirements or conditions may be waived. [59] However, the standards for proving waiver under Delaware law are quite exacting. [60] Waiver is the voluntary and intentional relinquishment of a known right. [61] It implies knowledge of all material facts and an intent to waive, together with a willingness to refrain from enforcing those contractual rights. [62] The facts relied upon to prove waiver must be unequivocal. [63] Based on these fundamental principles, we reiterate the three elements which must be satisfied before a conclusion of waiver may be reached. A contractual requirement or condition may be waived where (1) there is a requirement or condition to be waived, (2) the waiving party must know of the requirement or condition, and (3) the waiving party must intend to waive that requirement or condition. [64] Although we have held that this standard is quite exacting, we nonetheless find that summary judgment was inappropriate in the present case as to AeroGlobal's claim of waiver.