👉 Estoppels are a type of legal document in which an individual or organization is required to stop doing something that they have previously agreed to do. This can be done for various reasons such as not meeting deadlines, failing to pay taxes, or violating other agreements. In the context of estoppels, the term "stop" refers to stopping or halting a course of action. It's like saying you're stopping your car from moving forward until it stops moving. Estoppels are typically used
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What is the definition of Estoppel? 🙋
👉 Estoppel is a legal concept in which one person's statement or action prevails over another's, often because of reliance on that statement or action. In other words, someone who has relied upon an estoppel can be held liable for their actions and statements based on the belief that they were made by someone else. Estoppel can arise from a variety of situations, including contracts, promises, and legal agreements, and it is important to understand its principles in order to avoid or mitigate any potential harm
