Quantum meruit

Definition

A Latin term meaning 'as much as deserved,' referring to a legal doctrine that allows a party to recover the reasonable value of services or benefits provided to another, even without a valid contract. It prevents unjust enrichment.

Examples

• •Clement referenced quantum meruit in explaining why Section 47(b)(3) addresses unjust enrichment — when a contract is partially performed before rescission, one party may owe compensation for benefits received.

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