Laches

from The Collaborative International Dictionary of English v.0.48
Laches \Lach"es\ (l[a^]sh"[e^]z), Lache \Lache\ (l[a^]sh), n.
   [OF. lachesse, fr. lache lax, indolent, F. l[^a]che,
   ultimately fr. L. laxus loose, lax. See {Lax}.] (Law)
   Neglect; negligence; remissness; neglect to do a thing at the
   proper time; especially, a delay in asserting a claim,
   sufficient to cause a person to lose the right to
   adjuducation of the claim by a court.
   [1913 Webster]

         It ill became him to take advantage of such a laches
         with the eagerness of a shrewd attorney. --Macaulay.
   [1913 Webster]
    
from Bouvier's Law Dictionary, Revised 6th Ed (1856)
LACHES. This word, derived from the French lecher, is nearly synonymous with 
negligence. 
     2. In general, when a party has been guilty of laches in enforcing his 
right by great delay and lapse of time, this circumstance will at common law 
prejudice, and sometimes operate in bar of a remedy which it is 
discretionary and not compulsory in the court to afford. In courts of 
equity, also delay will generally prejudice. 1 Chit. Pr. 786, and the cases 
there cited; 8 Com. Dig. 684; 6 Johns. Ch. R. 360. 
     3. But laches may be excused from, ignorance of the party's rights; 2 
Mer. R. 362; 2 Ball & Beat. 104; from the obscurity of the transaction; 2 
Sch. & Lef. 487; by the pendancy of a suit; 1 Sch. & Lef. 413; and where the 
party labors under a legal disability, as insanity, coverture, infancy, and 
the like. And no laches can be imputed to the public. 4 Mass. Rep. 522; 3 
Serg. & Rawle, 291; 4 Hen. & Munf. 57; 1 Penna. R. 476. Vide 1 Supp. to 
Ves. Jr. 436; 2 Id. 170; Dane's Ab. Index, h.t.; 4 Bouv. Inst. n. 3911. 
    

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