detriment n
1 : injury loss. ;also. : the cause of an injury or loss. 2 : a giving up of a thing or mode of conduct to which one is entitled that constitutes consideration for a contract called also legal detriment..
Examples: If a company promises to give an employee a promotion if they complete a certain project, and the employee relies on this promise by working extra hours and putting in extra effort, but the company fails to follow through on the promise, the employee may have a claim for detrimental reliance..
Reliance damages protect a party's reliance interest.
Neal spent $100 in reliance on the contract, which constituted Neal's reliance interest.
Since reliance damages equal to the value of the reliance interest of the injured party, Matt owes Neal $100..
Agreeing to a “legal detriment” means agreeing to do something that one is not obligated to do or to agree to refrain from doing something that one has the legal right to do.
The latter type of consideration is known as a “forbearance.”.
reliance. n. acting upon another's statement of alleged fact, claim or promise..
Successful litigating a detrimental reliance claim requires that: a) a promise was made on which you “reasonably” relied (under the circumstances), and b) you sustained losses as a result.
In many cases, a detrimental reliance claim is won or lost on the basis of whether the promise was “reasonably” relied upon..
If detrimental reliance is considered as merely a substitute forcause (and thus only an element of a contract), then the other elementsof contracts-capacity, consent, and object-must all be present in orderto enforce a promise on this basis
Detrimental reliance occurs when a party is reasonably induced to rely on a promise made by another party
In many states, a detrimental reliance claim is actionable if the reliance itself caused the plaintiff to suffer some “detriment,” loss, or other harm
Regardless of the state jurisdiction, plaintiffs can take advantage of detrimental reliance principles to secure compensation in cases where a valid contract does not exist, but where they relied on another party’s “promise
” Detrimental reliance has a number of elements that must be satisfied, however
Detrimental reliance occurs when a party is reasonable induced to rely on a promise made by another party. In many states, a detrimental reliance claim is actionable if the reliance itself caused the plaintiff to suffer some “detriment,” loss, or other harm.
Detrimental reliance is a term commonly used to force another to perform their obligations under a contract, using the theory of promissory estoppel. Promissory estoppel may apply when the following elements are proven:
,×Detrimental reliance is a term used in contract law. It occurs when a party is reasonably induced to rely on a promise made by another party. In many states, a detrimental reliance claim is actionable if the reliance itself caused the plaintiff to suffer some “detriment,” loss, or other harm. Promissory estoppel may apply when the following elements are proven: