Examlex
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Simple Contract
A contract that is not a formal contract. Also called an informal contract.
Third-Party Beneficiary
A third-party beneficiary is a person who, although not a party to the contract, stands to benefit from the contract's execution or has rights that can be enforced under the contract.
Quasi-Contract
An obligation imposed by law in order to prevent unjust enrichment, treated as a contract for the purpose of remedy despite the lack of a formal agreement.
Reasonable Value
is a legal concept referring to a fair or equitable monetary value or compensation for services, goods, or property, based on what a willing buyer would pay to a willing seller in a free market.
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