An ambiguity in a contract does not constitute a mutual mistake of a material fact.

Name: An ambiguity in a contract does not constitute a mutual mistake of a material fact.
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An ambiguity in a contract can lead to a mutual mistake if both parties have a different understanding of the ambiguous term, which is material to the agreement. This misunderstanding can be grounds for the contract to be reformed or voided if it significantly affects the performance or expectations of the parties involved.

An Ambiguity in a Contract Does Not Constitute a Mutual