Why quasi contract matters to a first-time founder
A business can receive valuable goods or services without forming an enforceable contract, yet keeping the benefit without payment may be unjust. Courts in some jurisdictions use restitutionary remedies to prevent that result. The requirements and terminology vary, so local legal advice matters.
Examples of quasi contract
A supplier mistakenly delivers ₦5 million of materials to the wrong company. The recipient notices, uses them and refuses payment because it never signed an order. A court may require reasonable payment to prevent unjust enrichment, depending on the jurisdiction and evidence.
Common misunderstanding
It is not an actual implied contract based on the parties’ conduct or apparent agreement. The obligation is imposed by law despite no contract. It also does not rescue every failed bargain; defences, statutory rules and available remedies can limit a claim.
When to use it
Use the concept when value was knowingly accepted without a valid contract or payment, especially during a dispute. Preserve communications, delivery records and valuation evidence, then consult a qualified local lawyer. Do not rely on it instead of obtaining clear written agreements.