Unreasonable delay refers to a significant and unjustified period of inaction that can negatively impact the rights of a party in legal proceedings. This concept plays a crucial role in cases where parties may seek to assert their rights but have failed to act in a timely manner, leading to potential defenses such as laches, estoppel, or acquiescence. Essentially, if a party waits too long to assert a claim, it may lose the ability to do so due to the unfairness that prolonged inaction can create for the opposing party.