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In this lesson, the discussion continues on mutual assent and the termination of offers. A quick refresher on forming a traditional enforceable contract highlights three essential elements: mutual assent between the parties, consideration, and the absence of defenses to formation that could invalidate the contract. The lesson emphasizes that mutual assent is critical for forming a contract, defined as a “meeting of the minds” where both parties have a mutual understanding and agreement. This context situates the discussion within the broader topic of contract formation, specifically focusing on the element of mutual assent.