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Promissory Estoppel
A legal principle that prevents a party from going back on a promise made when the other party has reasonably relied on that promise to their detriment.
Promisor
The person or party in a contract who has made a promise to perform or deliver something to the other party.
Consideration
The value (such as money, a service, or a promise) that is exchanged between parties in a contract.
Unilateral Contract
A promise exchanged for an act.
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