What is Meeting Of The Minds?

Legal Definition
Meeting of the minds (also referred to as mutual agreement, mutual assent or consensus ad idem) is a phrase in contract law used to describe the intentions of the parties forming the contract. In particular it refers to the situation where there is a common understanding in the formation of the contract. Formation of a contract is initiated with a proposal or offer. This condition or element is often considered a requirement to the formation of a contract.
-- Wikipedia
Legal Definition
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.