Promissory Estoppel
/ˌprɒmɪˈsɔːri ɪˈstɒpəl/
Definitions
- (n.) A legal doctrine preventing a party from reneging on a promise when the promisee has reasonably relied to their detriment, even without a formal contract.
The court applied promissory estoppel to enforce the promise despite the lack of a written agreement.
Related terms
See also
Commentary
Used to enforce fairness when formal contract requirements are not met; commonly invoked in contract disputes involving reliance on informal promises.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.