What is Promissory Estoppel?
Promissory estoppel is an equitable doctrine which in some instances can stop a person going back on a promise which is not supported by consideration.
Requirements of Promissory Estoppel:
1. A pre-existing contract or legal obligation which is then modified
2. There must be a clear and unambiguous promise
3. Change of position
4. Must be inequitable to allow the promisor to go back on their promise
Every case is unique, and what constitutes each of these factors will depend on the individual circumstances.
Promissory Estoppel is a complex area of law, therefore, it is always advisable to seek legal guidance from a solicitor who is an expert.
If you believe you have a case of promissory estoppel contact our team today.