MLchartDataset catalogue

Promissory estoppel

Term · Law · MLC-T-LAW-003961

A legal principle that prevents a party from going back on a promise, even if a formal contract does not exist, when the other party has reasonably relied on that promise to their detriment. It serves as an alternative to consideration in contract formation, allowing a court to enforce a promise to avoid injustice. The elements typically include a clear promise, reasonable reliance by the promisee, and resulting injury.

Table 1. Record
IdentifierMLC-T-LAW-003961
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003961",
  "term": "Promissory estoppel",
  "field": "Law",
  "definition": "A legal principle that prevents a party from going back on a promise, even if a formal contract does not exist, when the other party has reasonably relied on that promise to their detriment. It serves as an alternative to consideration in contract formation, allowing a court to enforce a promise to avoid injustice. The elements typically include a clear promise, reasonable reliance by the promisee, and resulting injury.",
  "url": "https://mlchart.com/terminology/law/promissory-estoppel/"
}

Record 4,003 of 5,441 in Law terminology (MLC-0107). Request the full dataset.