Meeting of the minds (also referred to as mutual agreement, mutual assent or consensus ad idem) is a phrase in contract law used to describe the intentions of the parties forming the contract. In particular it refers to the situation where there is a common understanding in the formation of the contract. This condition or element is often considered a necessary requirement to the formation of a contract.
Read more about Meeting Of The Minds: Concept in Academic Work, Use in Case Law, Destruction of Mutual Assent
Famous quotes containing the words meeting of, meeting and/or minds:
“Whoever invented the meeting must have had Hollywood in mind. I think they should consider giving Oscars for meetings: Best Meeting of the Year, Best Supporting Meeting, Best Meeting Based on Material from Another Meeting.”
—William Goldman (b. 1931)
“I’ve met a lot of murderers in my day, but Dr. Garth, whatever he is, is the first man I’ve ever met who was polite to me and still made the chills run up and down my back.”
—Robert D. Andrews. Nick Grindé. Police detective, Before I Hang, describing his meeting with Dr. Garth (1940)
“It is meet
That noble minds keep ever with their likes;
For who so firm that cannot be seduced?”
—William Shakespeare (1564–1616)