Estoppel

/ɪˈstɑpəl/
Definition 1 of 2
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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.
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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.
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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.
Visual representation of the word "Estoppel"

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