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In this lesson, the focus is on mutual assent and the termination of an offer in contract law. A quick refresher on forming a traditional enforceable contract highlights three essential elements: mutual assent between the parties, consideration, and the absence of defenses to formation. This lesson continues the discussion on mutual assent, emphasizing its significance in establishing a valid contract. Mutual assent is defined as a "meeting of the minds" between the parties, signifying a mutual understanding or agreement essential for contract formation. The lesson sets the stage for further exploration of how offers can be terminated within this framework.
