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So what is promissory estoppel? This is an extremely important document that everyone dealing with contracts needs to understand, it is an exception to the general rules of contract in certain circumstances, in general promissory estoppel is a fairness doctrine or a doctrine in equity equity in the sense means means fairness and its a power of the court to do to implement or to do what is fair rather than strictly following the letter of the law and generally every court has the power of equity to do what is fair rather than strictly following the letter of the law. So let me explain how promissory estoppel works. If a party enters into a contract with another party with another party and for some reason that contract is not enforceable either because say for example the contract is not in writing or the contract does not have sufficient consideration in either event those contracts are not enforceable. Well promissory estoppel could make it enforceable it could serve as a substitute