Promissory estoppel government contract
Laws surrounding a Promissory Estoppel: In a typical case of a promise or a contract, the law requires that a party receive consideration for the agreement. Consideration refers to a valuable asset that is exchanged between the two parties and the time of the agreement or the promise was made. Promissory estoppel is a doctrine in contract law that stops a person from going back on a promise even if a legal contract does not exist. It states that an aggrieved party can recover damages Indemnity Indemnity is used to protect an individual or entity from potential losses and damages that may result from negligence, legal claims, acts of nature, or other unavoidable.