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A general term referring to an agreement, either express or implied, written or oral.

The term understanding is an ambiguous one; in order to determine whether a particular understanding would constitute a contract that is legally binding on the parties involved, the circumstances must be examined to discover whether a meeting of the minds and an intent to be bound occurred.


Meeting of Minds.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
" My brother was a brave man," said Ashish Muwal, Kapish's younger brother.
Why should I pass the buck?" Recalling his brother's devotion Ashish said even though Kapish was unwell for the last few days, he was not willing to return home on medical leave.
Kapish took over the company's reins while he was in his second year of college ( he was then studying Economics at Kirori Mal College, Delhi University) when his father developed cardiac problems.
The event began with chants by Buddhisht monks from Kushinagar after which Kapish Mehra, the publisher, made a quick speech." Chandra gave a short speech on the importance of Silk Road and how it cradled the continually progressing civilisations within its fold.