QUANTUM MERUIT Quantum meruit literally translates to "the amount one deserves" or "as much as one has earned" . It is an equitable principle of law based on the concept that no one who benefits from the labor and materials of another should be unjustly enriched thereby; under these circumstances, the law implies a promise to pay a reasonable amount for the labor and materials furnished. The principle prohibits a party who has received consideration from another in a transaction where the surrounding circumstances indicate that the said consideration was not intended as a gift. This principle is also known as Quasi-contract. The use of this principle cannot be over-emphasized as it could be a game changer in litigation strategy over contractual disputes, arbitration, debt recovery, capital market transactions, labor disputes, property disputes, and intellectual property disputes. This principle if properly applied could help a party who has furnished co...
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