Actual assent by both parties to the formation of a contract including agreement on the same terms, conditions, and subject matter. Although a meeting of the minds was required under the traditional subjective theory of assent, modern contract doctrine requires only objective manifestations of assent.
See mutual assent.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:19 pm
"[A]n agreement 'implied in fact' [is] founded upon a meeting of minds, which, although not embodied in an express contract, is inferred . . . from conduct of the parties showing, in the light of the surrounding circumstances, their tacit understanding."
