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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 ?
In particular, Coles commends Yoder's understanding of tradition, in which wholesome growth is not so much understood to be like branches from a tree, but rather more like a vine.
gaining insight after not having understood may be a strongly positive
The episode opens with the introduction of two unknown characters who, by context, are understood to be followers of Jesus.
Managing the duties related to marketing, social work, nursing, and business affairs needs to be understood as interrelated.
We understood one another, even if the language was different.
In fact, the seventh chapter explores how this elusiveness is also the reason the kitab cannot be understood as a fixed, closed corpus.
A brand has to be understood as a vital strategic asset that requires the understanding and input of virtually all aspects of a business or all departments in a company.
Market research helps us ensure that the growers' wants and needs are fully understood and folded into the equation.
If the rebirth associated with the Renaissance is understood, as DeLamar Jensen has argued, as a recovery, by which he means a recuperation from an unhappy condition or the regaining of something that has been lost, then Catholicism can be seen as playing an integral part in this process.
Change ability is much talked about, but little understood. [I.sup.2], shorthand for immeasurable intangibles, is off most people's radar screen.
Those who have understood and applied technology to its fullest have attained the broadest productivity increases.