Meeting Of The Minds

Business, Legal & Accounting Glossary

Definition: Meeting Of The Minds

What is the dictionary definition of Meeting Of The Minds?

Dictionary Definition

n. when two parties to an agreement (contract) both have the same understanding of the terms of the agreement. Such mutual comprehension is essential to a valid contract. It is provable by the express provisions of a written contract, without reference to any statements or hidden thoughts outside the writing. There would not be a meeting of the minds if Bill Buyer said, “I’ll buy all your stock,” and he meant shares in a corporation, and Sam Seller said, “I’ll sell all my stock to you,” and meant his cattle.

Cite Term

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Page URL
Modern Language Association (MLA):
Meeting Of The Minds. Payroll & Accounting Heaven Ltd. January 26, 2021
Chicago Manual of Style (CMS):
Meeting Of The Minds. Payroll & Accounting Heaven Ltd. (accessed: January 26, 2021).
American Psychological Association (APA):
Meeting Of The Minds. Retrieved January 26, 2021, from website:

Definition Sources

Definitions for Meeting Of The Minds are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th April, 2020 | 0 Views.