Meeting Of The Minds

Filed Under »
Dictionary Says

Definition of 'Meeting Of The Minds'

An agreement between parties in which each party is aware of the commitments that is being made by each individual. Meeting of the minds, or consensus ad idem, is associated with contract law and is fundamental for the existence of a contract. If both parties to a contract make a mistake in the contract's creation, and may thus be agreeing to perform actions other than what both expected, there would not be a meeting of the minds.
Investopedia Says

Investopedia explains 'Meeting Of The Minds'

For example, a business needing to resupply its inventory of toys and speaks with a local supplier. The businessman indicates that he is looking to buy the supplier's stock, which he takes to be the supply of toys that the supplier has. The supplier, however, thinks that the businessman is looking to buy out his business, hence his "stock" of shares. Because both parties are not agreeing to the same material exchange there is no meeting of the minds, and thus no agreement.
Search results for

'Meeting Of The Minds'

  • The Buy-Side Of The M&A Process

    http://www.investopedia.com/articles/stocks/07/buyside_m_and_a.asp
    ... At this stage, there should be a sufficient "meeting of the minds" regarding the
    two parties before due diligence takes place, especially since the next step ...

  • 8 Tips For Starting Your Own Business Slideshow | Investopedia

    http://www.investopedia.com/slide-show/tips-start-your-own-small-business
    ... is worth continuing against their wishes if you are unable to change their minds. ...
    a dwelling for you and your family - not as a warehouse or meeting place for ...

  • 8 Tips For Starting Your Own Business Slideshow | Investopedia

    http://www.investopedia.com/slide-show/tips-start-your-own-small-business/finding-funding.aspx
    ... is worth continuing against their wishes if you are unable to change their minds. ...
    a dwelling for you and your family - not as a warehouse or meeting place for ...

  • 8 Tips For Starting Your Own Business Slideshow | Investopedia

    http://www.investopedia.com/slide-show/tips-start-your-own-small-business/family-support.aspx
    ... is worth continuing against their wishes if you are unable to change their minds. ...
    a dwelling for you and your family - not as a warehouse or meeting place for ...

  • 8 Tips For Starting Your Own Business Slideshow | Investopedia

    http://www.investopedia.com/slide-show/tips-start-your-own-small-business/plan-company-budget.aspx
    ... is worth continuing against their wishes if you are unable to change their minds. ...
    a dwelling for you and your family - not as a warehouse or meeting place for ...

  • A Look At Entry-Level Careers In Finance

    http://www.investopedia.com/articles/financialcareers/11/beginner-careers-in-finance.asp
    ... These firms rely on smart personnel with inquisitive and detailed minds to help ... needs,
    develop strategic plans that will move them toward meeting those needs ...

  • 8 Tips For Starting Your Own Business Slideshow | Investopedia

    http://www.investopedia.com/slide-show/tips-start-your-own-small-business/create-concept-research.aspx
    ... is worth continuing against their wishes if you are unable to change their minds. ...
    a dwelling for you and your family - not as a warehouse or meeting place for ...

  • 8 Tips For Starting Your Own Business Slideshow | Investopedia

    http://www.investopedia.com/slide-show/tips-start-your-own-small-business/research.aspx
    ... is worth continuing against their wishes if you are unable to change their minds. ...
    a dwelling for you and your family - not as a warehouse or meeting place for ...

  • 8 Tips For Starting Your Own Business Slideshow | Investopedia

    http://www.investopedia.com/slide-show/tips-start-your-own-small-business/plan-future.aspx
    ... is worth continuing against their wishes if you are unable to change their minds. ...
    a dwelling for you and your family - not as a warehouse or meeting place for ...

  • 8 Tips For Starting Your Own Business Slideshow | Investopedia

    http://www.investopedia.com/slide-show/tips-start-your-own-small-business/business-plan.aspx
    ... is worth continuing against their wishes if you are unable to change their minds. ...
    a dwelling for you and your family - not as a warehouse or meeting place for ...

Related Articles

Partner Links