[SackUp]

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promissory estoppel protects someone who reasonably relies on a promise. for example, Company A decides to generously offer a lifelong pension to Bob for his previous years of hard service. Bob quits. 10 years later, board at A changes and decides to stop paying Bob because there's no contract. promissory estoppel applies here.

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you need to have detrimental reliance in order for promissory estoppel to work. you need to show that Bob detrimentally relied on something like this. also, statutes of frauds will come in to play here, as will the fact that the consideration is based upon past work. also, you are asking for something in equity so who knows what will happen there.

the bottom line from these examples is to get stuff in writing and have a lawyer involved if it is any sort of a big deal. there are so many ways stuff can bite you in the ass.