How does the doctrine of estoppel affect the legal validity of cryptocurrency contracts?

1 answers

• cao zidaneMay 14, 2024 · a year ago
  As an expert in the field, I can confirm that the doctrine of estoppel does indeed have an impact on the legal validity of cryptocurrency contracts. It is a fundamental principle in contract law that aims to prevent unfairness and promote the enforceability of agreements. In the context of cryptocurrency contracts, if one party makes a representation or promise that induces the other party to enter into the contract, and the other party relies on that representation or promise to their detriment, the doctrine of estoppel can prevent the party who made the representation from later denying or asserting something contrary to it. This ensures that parties are held accountable for their statements and actions in the cryptocurrency contract space.
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