Quantum meruit definition
Examples of Quantum meruit in a sentence
Quantum meruit also may allow recovery where a party furnishes labor, materials, or other services for the benefit of another where it would be unjust for the receiving party to retain those benefits without paying for them.
Quantum meruit measures the value of services to the recipient, not the costs to the provider.
Quantum meruit is an equitable doctrine by which one who is enriched from the materials or labor of another must pay for the benefit he/she has received for the reasonable value of his or her work so as long as the contractor’s failure to complete on time was not willful or deliberate.108 1-3:3.2 Liquidated DamagesLiquidated damages provisions are a common feature of many contracts and represent an attempt by the parties to agree upon damages in advance of a breach.
Quantum meruit is applicable where no express contract exists between the parties.
Quantum meruit is an equitable remedy based on an implied promise to pay for benefits received.