Quantum meruit is a Latin phrase meaning "what one has earned". In the context of contract law, it means something along the lines of "reasonable value of services".
In the United States, the elements of quantum meruit are determined by state common law. For example, to state a claim for unjust enrichment in New York, a plaintiff must allege that (1) defendant was enriched; (2) the enrichment was at plaintiff's expense; and (3) the circumstances were such that equity and good conscience require defendants to make restitution.
Read more about Quantum Meruit: Situations, Examples, Quantum Meruit Cases
Famous quotes containing the word quantum:
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—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)