In terms of contract law, what is meant by thephrase "meeting of the minds"?The two parties have met but have yet to agreeto the terms and conditions of the contract.One party has a list of their desired terms andconditions and is ready to meet with the otherparty to discuss them.Both parties to the contract have a general ideaof what they want but the specifics still need tobe worked out.All the terms and conditions needed for fullacceptance of the offer have been agreed uponby the two parties to the contract.

The phrase 'meeting of the minds' in contract law refers to the mutual understanding and agreement…

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