loss of reliance

Loss of reliance occurs when one party can no longer depend on another for truthful or accurate information, often due to dishonesty, misrepresentations, or omissions. In legal or contractual contexts, it means that the trusting party's confidence in the information or commitments provided has been broken, making it unreasonable to depend on those promises or statements anymore. Essentially, it signifies a breach of trust that undermines the basis for reliance, which can impact the validity or enforcement of agreements or claims built on that trust.