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In this lesson, the focus is 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 that could invalidate the contract. The discussion centers on mutual assent, emphasizing that it represents a "meeting of the minds" where both parties reach a mutual understanding or agreement. This concept is critical in the context of contract formation, as it ensures that both parties are aligned in their intentions and understanding of the agreement.
