Which term refers to the act of returning received benefits under a contract?

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The act of returning received benefits under a contract is best referred to as "Restoration of Benefit." This term focuses on the principle that one party must return any benefits or gains they received when a contract is rescinded or terminated. In cases where a contract is voided or canceled, restoration ensures that neither party is unjustly enriched at the expense of the other.

In contrast, "Quantum Meruit" refers to a claim for payment based on the value of work performed or services rendered when there is no formal contract in place, emphasizing the compensation for services rather than the return of benefits. "Rescission of Contract" denotes the process of voiding a contract, but it does not specifically address the act of returning benefits. Lastly, a "Void Contract" simply indicates that the contract has no legal effect and thus doesn't require the return of benefits; instead, it pertains to the invalidity of the agreement itself. Thus, the term "Restoration of Benefit" accurately captures the essence of returning what was received under a contractual arrangement.

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