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In this lesson, the focus is on mutual assent and the termination of offers within the context of forming a traditional enforceable contract. To establish such a contract, three essential elements are required: mutual assent between the parties, consideration, and the absence of any defenses to formation that could invalidate the contract. The lesson emphasizes that mutual assent is crucial, representing a "meeting of the minds" where both parties achieve a mutual understanding or agreement. The discussion aims to clarify the concept of mutual assent as part of the overall contract formation process.
