Estoppel
Definition 1 of 2

Legal Context
Understanding estoppel is crucial in legal discussions to ensure parties adhere to their initial claims.

In contract law disputes, lawyers often invoke estoppel to safeguard their clients' interests.
Fairness Principle
Estoppel embodies the concept of fairness in law, ensuring one cannot go back on their word.

In negotiations, mentioning estoppel can highlight the importance of commitments made.
Common Misconception
Many confuse estoppel with waiver; however, they are distinct concepts with different implications.

Educating clients on estoppel can prevent misunderstandings in legal contracts.
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