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This lesson focuses on mutual assent and the termination of an offer within the context of forming a traditional enforceable contract. To recap, an enforceable contract requires three elements: mutual assent between parties, consideration, and no defenses that could invalidate the contract formation. The discussion centers on mutual assent, defined as a "meeting of the minds" where both parties have a mutual understanding or agreement. Understanding mutual assent is crucial as it represents one of the essential components in creating a valid contract. The lesson progresses by emphasizing these foundational elements necessary for contract formation.