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Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise made to another, when the latter has reasonably relied on that promise to their detriment.
Consideration
A crucial element in contract law, referring to something of value promised to another when forming a contract.
Bilateral Contracts
Contracts involving two parties where each party makes a promise to the other.
Unilateral Contracts
Contracts in which one party makes a promise in exchange for an act by the other party.
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