Quasi-contracts, also known as implied-in-law contracts, are legal agreements that are imposed by the court to prevent one party from unjustly benefiting at the expense of another. While these contracts serve the purpose of ensuring fairness and preventing unjust enrichment, they also come with their own set of drawbacks.
Therefore, to do away with the necessity for quasi-contracts, the best course of action is to draft appropriate written agreements for every business transaction. They can collaborate with counterparties to negotiate terms and conditions that suit everyone's needs. There are digital solutions available these days to automate the entire contract lifecycle. Dock 365 is one such platform. Our contract management software offers an array of tools to streamline drafting, negotiating, signing, and monitoring.