Quantum Meruit
A legal principle that allows payment for services based on their reasonable value when no valid contract exists.
What is Quantum Meruit?
Quantum Meruit is a legal principle allowing a party to recover reasonable payment for services rendered when no formal contract exists or when a contract is unenforceable, based on the value of the work performed.
Why It Matters?
It ensures fair compensation, prevents unjust enrichment, and protects service providers who performed work in good faith.
Example
A contractor performs renovations without a written agreement and later claims payment under quantum meruit for the materials and labor provided.
Related Terms
Mediation
Litigation