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meeting of the minds |
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meeting of the minds n. when two parties to an agreement (contract) both have the same understanding of the terms of the agreement. Such mutual comprehension is essential to a valid contract. It is provable by the express provisions of a written contract, without reference to any statements or hidden thoughts outside the writing. There would not be a meeting of the minds if Bill Buyer said, "I'll buy all your stock," and he meant shares in a corporation, and Sam Seller said, "I'll sell all my stock to you," and meant his cattle. (See: contract) |
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Tax settlements are governed by general principles of contract law; the formation of a contract requires mutual assent to essential terms; Linear Tech. ``I believe (the judge) said he found there to be collusion and mutual assent, that there were at least three people involved in the act,'' said Newton's attorney, Denise McLaughlin-Bennett. An "agreement" is not limited to individually negotiated contracts, but may also refer generally to a manifestation of mutual assent on the part of two or more persons. |
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Mutual assent
