Common Contracts
1 similar Quasi Contract contracts
QUASI CONTRACTQuasi Contract • December 8th, 2024
A quasi contract, also known as an implied-in-law contract, is a legal concept where a court creates an obligation between two parties, even though they never actually agreed to a formal contract. The purpose of a quasi contract is to prevent unjust enrichment, ensuring that one party does not unfairly benefit at the expense of another. Unlike an actual contract, which arises from the mutual agreement of the parties, a quasi contract is imposed by law to promote fairness.
