MLchartDataset catalogue

Meeting of the minds

Term · Law · MLC-T-LAW-003211

The mutual understanding and agreement between two or more parties regarding the essential terms of a contract. This concept, also known as mutual assent or consensus ad idem, signifies that all parties comprehend and accept the same proposition. It is a prerequisite for the formation of a legally binding agreement.

Table 1. Record
IdentifierMLC-T-LAW-003211
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003211",
  "term": "Meeting of the minds",
  "field": "Law",
  "definition": "The mutual understanding and agreement between two or more parties regarding the essential terms of a contract. This concept, also known as mutual assent or consensus ad idem, signifies that all parties comprehend and accept the same proposition. It is a prerequisite for the formation of a legally binding agreement.",
  "url": "https://mlchart.com/terminology/law/meeting-of-the-minds/"
}

Record 3,179 of 5,445 in Law terminology (MLC-0107). Request the full dataset.