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In this lesson, the focus is on the termination of offers within the context of mutual assent. A quick refresher highlights the formation of a traditional enforceable contract, which requires three elements: mutual assent between the parties, consideration, and the absence of defenses to formation that could invalidate the contract. The discussion emphasizes the steps involved in achieving mutual assent, defined as a "meeting of the minds" where both parties have a mutual understanding or agreement. This concept is crucial for establishing a valid contract and is part of the broader topic of contract formation.