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In this lesson, the focus is on the concept of mutual assent and the termination of offers within the context of forming a traditional enforceable contract. To establish such a contract, three elements are required: mutual assent, consideration, and the absence of defenses that could invalidate the contract. The discussion emphasizes that mutual assent involves a "meeting of the minds," meaning both parties must have a mutual understanding and agreement. The lesson continues from the broader topic of contract formation, specifically targeting the element of mutual assent between the parties.
