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In this lesson, the focus is on the topic of mutual assent and the termination of offers within contract formation. A quick refresher outlines the three essential elements for forming a traditional enforceable contract: mutual assent between the parties, consideration, and the absence of defenses that would invalidate the contract. The discussion emphasizes the importance of mutual assent, defined as a "meeting of the minds," where both parties have a mutual understanding or agreement about the terms of the contract. This sets the stage for a deeper exploration of how offers can be terminated in the context of contract law.
