promissory estoppel

Popular Terms
Legal principle that a promise (even if made without consideration) is enforceable where the promisor makes, by conduct or words, an unambiguous representation to the promisee who relies on it to his or her detriment.

Use 'promissory estoppel' in a Sentence

The promissory estoppel helped alleviate some of our concerns in our business agreement that was made in New York City.
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If you sign a promissory estoppel you must follow through on it or get a very bad reputation in the business community.
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If you receive a promissory estoppel you must make sure to do exactly what it says as soon as you possibly can.
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