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What is laches?

What is laches? Here are some definitions.

Noun
  1. (law) An unreasonable delay in bringing a claim alleging a wrong, which means the person who waited shall not be permitted to seek an equitable remedy because the delay prejudiced the moving party. Sleeping on one's rights.
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Examples
Nothing could enfeeble that, it seemed heroic, and covered all other laches.
The Tribunal rejects Mr. Spiegel's laches argument for the following three reasons.
This traditional function suggests that laches should be limited to cases in which no statute of limitations applies.
I will tell you, Nicias and laches, even at the risk of being tedious, how we came to think of this.
Finally, the doctrine of laches ought to preclude ZEI from availing itself of an essentially equitable remedy given the time it took for it to raise the issue.
For example, application of the doctrine of laches has been considered in various disciplinary proceedings, but no clear rule has emerged.

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