Legal Concept Explained
Estoppel
“A legal rule preventing someone from going back on their word when the other side already spent money or made plans based on what they said.”
Formal Legal Definition
A legal principle preventing a party from asserting a right or denying a fact when their previous words, conduct, or representations led the other party to reasonably rely on that state of affairs to their detriment.
How It Appears in Actual Contracts
'Tenant shall, within ten (10) business days of request, deliver a signed Tenant Estoppel Certificate certifying that the lease is unmodified and in full effect.'
Deep-Dive Clause Guides
Contracts Using This Concept
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