Examlex
Promissory Estoppel
A legal principle that prevents a promisor from arguing that an underlying promise offered should not be legally upheld if the promisee has relied on that promise to their detriment.
Unilateral Contract
A type of contract in which only one party makes a promise to perform in exchange for an act by the other party.
Promissory Estoppel
A legal principle that prevents a party from retracting a promise when the other party has reasonably relied on that promise to their detriment.
Consideration
Something of value that is promised, given, or received in a contract to make it legally binding.
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