Detrimental Reliance

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In contract law, a legal principle that allows a party to recover damages if they relied on a promise made by another party and suffered harm as a result of that reliance.
The company entered into a contract based on the other party's false promise, and as a result, suffered financial losses.
TBD (Finding a real case example for this legal principle might require further research)
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Frequently Asked Questions

To claim detrimental reliance, a party must show that they reasonably relied on the other party's promise and suffered harm as a result.

Detrimental reliance is a broader concept than fraud. Fraud requires an intentional misrepresentation, while detrimental reliance can be based on a negligent misrepresentation.

In some cases, detrimental reliance can be used as a defense to a lawsuit.

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