The basic concept that both parties to a contract should have agreed to the same terms is referred to as:

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Mutual assent, also known as meeting of the minds, is the basic concept that both parties to a contract should have agreed to the same terms. This means that both parties understood and accepted the terms of the contract, and there was no misunderstanding or mistake as to their intent. Bilateral agreement, co-agreement, and common intent are not commonly used legal terms to describe this concept.

The Basic Concept That Both Parties to a Contract Should