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In this lesson, we continue discussing mutual assent and specifically focus on the termination of offers. To form a traditional enforceable contract, three elements are needed: mutual assent, consideration, and no defenses to formation. We are currently addressing mutual assent, which is crucial to contract formation. Mutual assent refers to a "meeting of the minds" between the parties, indicating a mutual understanding or agreement. This concept is essential in ensuring that both parties are on the same page before proceeding with the contract. The discussion will delve deeper into what can lead to the termination of an offer.