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)

meeting of the minds

noun accordance, common assent, compatibility, complete accord, compliance, concert, concord, concordance, concurrence, consensus, consentaneity, harmony, muuual understanding, rapport, unanimity, understanding, uniformity, unison, unity
Associated concepts: bilateral contract, rescission of an agreement
See also: agreement
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References in periodicals archive ?
The first Meeting of the Minds was held in 1995 at Carnegie Mellon University's Pittsburgh campus as a showcase of student research to a wide audience.
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They investigated several alternatives in Westport and Fairfield before coming to a meeting of the minds with ownership at 777 Commerce Drive, who offered a repositioned building, abundant parking and competitive lease terms in a strategic location close to the proposed new Fairfield train station.
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MORNING AFTER THE MIDNIGHT HAND-OFF of footy greeted by a post-dawn meeting of the minds in a clandestine bunker by a classic car storage facility for the purpose of determining which van would drive away with the coveted statue of a van?
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"It was a very good meeting and you can call it a meeting of the minds," the PML-N leader said, adding that there was complete unanimity of views between the two parties that the"July 25 elections have been stolen".
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The Court concluded that "there was not even the slightest prodding towards any meeting of the minds" until six months after the broker's introduction, at which time the parties independently and directly, without any aid or intervention of the broker, entered into negotiations ultimately resulting in the sale of the property.
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