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Re:A Standard and Clean Series A Term Sheet by sethbannon on Monday January 28, 2019 @03:30PM (#19020779)
It can be enforced with a lawsuit like this, when an investor doesn't care as much about their reputation with founders: https://www.bloomberg.com/news/articles/2018-04-25/crypto-bi...
Re:A Standard and Clean Series A Term Sheet by entity345 on Monday January 28, 2019 @04:00PM (#19021034)
I'm sorry but that does not answer my question at all.

It's quite obvious that a legal dispute may be settled in court. We do not know the details of the case you quoted so it's difficult to comment.

I'm asking specifically about the template that is posted here because it looks like a simple promise and, as mentioned, these have no value in many jurisdictions. I suppose I'm asking how it works in Delaware, basically.

I suspect that the first reply I got is actually it...

Re:A Standard and Clean Series A Term Sheet by hobbyjogger on Monday January 28, 2019 @09:14PM (#19023092)
> In many jurisdictions of the United States, promissory estoppel is an alternative to consideration as a basis for enforcing a promise. It is also sometimes called detrimental reliance.

Wiki: https://en.wikipedia.org/wiki/Estoppel#Promissory_estoppel_2

PDF: https://chicagounbound.uchicago.edu/cgi/viewcontent.cgi?refe...

Re:A Standard and Clean Series A Term Sheet by entity345 on Tuesday January 29, 2019 @02:25AM (#19024476)
Yes I know estoppel.

But in this case?