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Meeting of the Minds - Explained

What is a Meeting of the Minds?

Written by Jason Gordon

Updated at September 24th, 2021

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Table of Contents

What is a Meeting of the Minds?Academic Research

What is a Meeting of the Minds?

A meeting of the minds refers to a consensus or agreement between two people or a group of people. Meetings of the minds is a term often used in contract law to describe a state in which every party to a contract is aware of the agreements reached in the contract and the obligations of each party. For a contract to be legal or valid, there must be a meeting of the minds between the parties. Error, omission, or misrepresentation when forming an agreement can mean that there is no meeting of the minds. 

Back To: COMMERCIAL LAW: CONTRACTS, PAYMENTS, SECURITY INTERESTS, & BANKRUPTCY

Related Topics

  • Contract Theory Definition
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