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Understanding promissory estoppelThe doctrine of promissory estoppel is evolved by equity to avoid injustice and to mitigate the rigor of strict law. The doctrine is neither in the dominion of contract nor in the domain of estoppel[1]. It is based on ..
Introduction It is not uncommon for the parties to a contract to, upon agreeing into principal/broad terms of their agreement, reduce the same into writing and call the same as Letter of Intent (LoI), Term Sheet or Memorandum of Understanding (MoU). ..
Introduction The law governing Companies globally and in India recognises a company to be a personality, distinct from its shareholders. In the celebrated case of Salomon v. Salomon & Co. Ltd.[1] Lord Halsbury LC, stated:�[a company] must ..
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