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The concept of agreement in an e-contract, or electronic contract, centers on a mutual understanding between parties, known as a "meeting of the minds." Under U.S. law, this involves an offer and its acceptance, leading to the exchange of value, or consideration, which is essential for a valid contract. Both written and electronic contracts must include core elements: an offer of value, acceptance of that offer, and consideration. Additionally, different rules apply depending on whether the contract pertains to the sale of goods or other types of agreements.