What is the doctrine of equitable estoppel in contract law?

The doctrine of equitable estoppel in contract law is a legal principle that prevents one party from denying facts or going back on their word when the other party has relied on those facts or words. This doctrine is based on the idea that it would be unfair for a party to take advantage of the other, or worse yet, take advantage of their own mistake. In Massachusetts, this doctrine is often used in cases involving contract law. For example, if one party makes a promise to a second party, the second party may rely on that promise when making their own decisions or entering into an agreement. If the promise is later broken, the second party can argue that the first party should be stopped from arguing differently. The doctrine of equitable estoppel in contract law is especially important when one party has to take an action or forbear from taking an action they normally would have taken because of the promise of the other party. This is essential for upholding the integrity of contracts and ensuring fairness between parties in Massachusetts business transactions.

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What is the doctrine of equitable estoppel in contract law?

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