Judicial Estoppel is a legal principle that prevents a party from taking a position in a legal proceeding that contradicts a stance they previously took in another case. This doctrine aims to maintain the integrity of the judicial system by ensuring that parties do not mislead the court or benefit from inconsistent statements. The application of Judicial Estoppel typically occurs when a party has successfully argued a position in one case and then tries to assert a conflicting position in a subsequent case. Courts use this principle to promote fairness and consistency in legal proceedings, discouraging parties from playing fast and loose with the truth.