for the Court:
PROCEDURAL HISTORY
¶ 1. On July 29, 2010, Jacques T. Martin Jr. (Martin) filed a complaint against Gregory L. Williams (Williams) in the Jackson County Chancery Court seeking a declaratory judgment for enforcement of an option contract to purchase real estate and damages for Williams’s alleged breach of a loan agreement.
¶ 2. After a hearing on the matter, the chancellor determined that Martin had failed to make a timely option-renewal payment, resulting in the expiration of the option period, and Williams was not required to accept the late payment. The chancellor also awarded Williams $13,959.49 in attorney’s fees.
¶ 3. Martin now appeals, asserting the following issues: (1) the chancellor erred in determining the renewal date of the thirty-day option period; (2) the chancellor erred in finding Williams did not waive any rights under the option contract by accepting a prior payment one day late; and (3) the chancellor erred in finding no compel
FACTS
¶ 4. On February 4, 2010, Williams and Martin entered into an option contract to purchase real estate. The property in question was approximately eighty acres of land located in Gautier, Mississippi. The property was originally owned by Martin and had been in his family for thirty-five years.
¶ 5. The option contract provided for the extension of the option “for twelve (12) additional, separate thirty (30) day periods ... if, and only if, the Optionee pays the [additional [o]ption [m]oney to Optionor prior to 5 p.m. on the date of expiration of the preceding option period.” Under the agreement, $10,275 was due to Williams for each additional thirty-day option period. Pursuant to the option contract, Martin tendered $10,275 to Williams on April 13, 2010, to extend the initial option period for an additional thirty days past the expiration date of April 21, 2010. On May 21, 2010, Martin paid Williams $10,275 in order to exercise his second renewal option.
¶ 6. On June 21, 2010, Martin paid Williams $10,275 in order to exercise his third renewal option. The previous option period had ended on June 20, 2010, but Williams accepted payment on June 21 since his office had been closed on June 20, which was a Sunday. On July 21, 2010, Michael attempted to pay $10,275 to exercise a fourth renewal option. However, Williams refused to accept payment, as it was one day late. Shortly thereafter Martin filed suit against Williams.
STANDARD OF REVIEW
¶ 7. The Court will not disturb a chancellor’s findings if they are supported by substantial evidence unless the chancellor abused his or her discretion, was manifestly wrong, clearly erroneous, or applied an erroneous legal standard. Sanderson v. Sanderson,
DISCUSSION
I. RENEWAL DATE OF THIRTY-DAY OPTION PERIOD
¶ 8. In his first issue, Martin argues the chancellor erred in finding the third option renewal period commenced on June 20. Martin contends he purchased
¶ 9. According to our rules of contract interpretation, “where the contract is not ambiguous, the intention of the contracting parties should be gleaned solely from the wording of the contract.” Turner v. Terry,
¶ 10. • The courts use a three-step approach to interpret a contract:
First, the “four corners” test is applied, wherein the reviewing court looks to the language that the parties used in expressing their agreement. Second, if the court is unable to translate a clear understanding of the parties’ intent, the court should apply the discretionary “canons” of contract construction. Finally, if the contract continues to evade clarity as to the parties’ intent, the court should consider extrinsic or parol evidence. It is only when the review of a contract reaches this point that prior negotiations, agreements^] and conversations might be considered in determining the parties’ intentions in the construction of the contract.
Tupelo Redevelopment Agency v. Abernathy,
¶ 11. The contract clearly states the following in regard to extending the option:
This option shall be for a period of ninety (90) days, beginning on January 21, 2010, and ending on April 21, 2010[,] at 5:00 p.m. C.S.T. (the “Initial Option Period), and this option may be extended for twelve (12) additional, separate thirty (30) day periods (the “Additional Option Periods”) if, and only if, [Martin] pays the [additional [o]ption [m]oney to [Williams] prior to 5:00 p.m. on the date of the expiration of the preceding option period.
This contract does not, as Martin' would have us believe, provide for a new option period to begin whenever payment was attempted, offered, or accepted. Otherwise a new option period would have begun on April 13 when Martin paid $10,275 to exercise his first renewal option. Martin admittedly knew the payment made on July 21 was due July 20, and admitted that an early payment did not change when the option period started or ended. In fact, Martin testified that he “did not notice that” the contract called for twelve separate thirty-day periods. We find this issue to be without merit.
II. WAIVER
¶ 12. In his next issue, Martin contends Williams waived the “time is of the essence” provision in the option contract by accepting the late payment on June 21. The chancellor found that Williams did not waive any rights under the option contract by accepting the payment on June 21 rather than June 20 because his office was closed on June 20. To waive a right, the waiving party must have “full knowledge of a right existing,” and there must be “an intentional surrender or relinquishment of that right.” Taranto Amusement Co. v. Mitchell Assocs.,
III. EQUITABLE RELIEF
¶ 14. In his final issue on appeal, Martin argues the chancellor erred in denying him equitable relief. Martin con-, tends that his mistake' in making a late payment is a compelling circumstance to warrant equitable relief.
¶ 15. In certain situations, compelling circumstances may give rise to a claim for relief. See Koch v. H & S Dev. Co.,
IV. WILLIAMS’S CROSS-APPEAL
¶ 16. In his cross-appeal, Williams contends the chancellor erred in ordering only Martin to pay his attorney’s fees. Williams argues that the attorney’s fees should have been assessed to Michael as well, since Martin assigned his option to Michael. However, Williams raises this issue for the first time on appeal. It is well settled that this Court does not review matters on appeal that were not first raised in the trial court. Daniels v. Bains,
¶ 17. Williams also asks this Court to award him attorney’s fees on appeal. Attorney’s fees on appeal are generally awarded “in the amount of one-half of what was awarded in the[trial] court.” Scurlock v. Purser,
¶ 18.' THE JUDGMENT OF THE JACKSON COUNTY CHANCERY COURT IS AFFIRMED ON DIRECT APPEAL AND CROSS-APPEAL. THE MOTION OF THE APPEL-LEE/CROSS-APPELLANT REQUESTING ATTORNEY’S FEES ON APPEAL IS GRANTED. ALL COSTS OF THIS APPEAL ARE ASSESSED ONE-HALF TO THE APPELLANTS/CROSS-AP-PELLEES AND ONE-HALF TO THE APPELLEE/CROSS-APPELLANT.
Notes
. Martin dismissed his second claim, breach of a loan agreement, prior to trial.
. Williams had previously loaned Martin a substantial amount of money in order to pay an existing mortgage on the property. Martin began making payments to Williams in late 2007. Martin was unable to keep these payments current, and Williams ultimately foreclosed on the property in January 2010. Williams bought the property during the foreclosure sale. Martin wanted an opportunity to buy the property back; thus, the formation of the option agreement.
