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Give Consideration
In contract law, the act of offering something of value, required by both parties for a contract to be legally binding.
Promissory Estoppel
A legal principle that prevents a person from going back on a promise even when a legal contract does not exist.
Unilateral Contract
An agreement in which one party makes a promise in exchange for an act performed by another party.
Consideration
In contract law, a crucial element that refers to something of value promised to another when making a contract.
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