QUANTUM MERUIT Meaning and
Definition
-
Quantum meruit is a Latin term that loosely translates to mean “as much as he has deserved.” In legal terms, it is a doctrine often used in contract law that allows for a reasonable payment to be made to a party for the services they have rendered or the work they have performed, even in the absence of a formal agreement or specific contractual terms regarding compensation.
When a contract exists but does not specify a specific amount of payment for services rendered, or if the contract is silent on the matter altogether, the principle of quantum meruit may be invoked. It is a way to compute the fair and reasonable value of the services provided based on the extent, quality, and worth of the work completed.
The principle of quantum meruit is often applied in situations where one party has provided valuable services to another party, expecting to be compensated, but where no specific details regarding payment or pricing were agreed upon beforehand. It is a means to prevent unjust enrichment, ensuring that individuals or entities are not unfairly benefiting from services rendered without providing adequate compensation in return.
Overall, quantum meruit is a legal doctrine that aims to facilitate fairness in situations where there is no explicit or agreed upon contractual provision for payment, allowing a party to recover the reasonable value of services provided based on the principle of “as much as he has deserved.”
Common Misspellings for QUANTUM MERUIT
- 1uantum meruit
- 2uantum meruit
- wuantum meruit
- auantum meruit
- qyantum meruit
- qhantum meruit
- qjantum meruit
- qiantum meruit
- q8antum meruit
- q7antum meruit
- quzntum meruit
- qusntum meruit
- quwntum meruit
- quqntum meruit
- quabtum meruit
- quamtum meruit
- quajtum meruit
- quahtum meruit
- quanrum meruit
- quanfum meruit
Etymology of QUANTUM MERUIT
The term "quantum meruit" is derived from Latin.
"Quantum" means "how much" or "the amount" and "meruit" is the third person singular past tense of the Latin verb "mereor" which signifies "to deserve" or "to be entitled to". Therefore, "quantum meruit" can be translated to mean "as much as he deserved" or "how much he has earned".
In legal terms, "quantum meruit" refers to the principle that one is entitled to receive a fair and reasonable value for the goods or services they have provided, even if there was no formal agreement or contract in place. It is often used in cases where a party claims compensation for work performed based on the implied promise of payment.
Infographic
Add the infographic to your website:
