A contract is defined as any oral or written agreement between two or more parties that exchange rights and/or duties between the parties. Every contract has four essential elements. The first two create ‘mutual assent’ or what is commonly referred to in law as a ‘meeting of the minds’.
In contract law, mutual assent refers to two of the four required elements making up an agreement. It is typically the offer and the acceptance of the terms related to the contract. Another way of stating this in law is ‘… a meeting of the minds …’.