Advertisement
Legal Dictionary

consensus ad idem

Legal Definition of consensus ad idem

Etymology

    Latin Origin

Noun

  1. An agreement, a meeting of the minds between the parties where all understand the commitments made by each. This is a basic requirement for each contract.

Etymology

    Latin origin

Definition of consensus ad idem

Further reading

Meeting of the minds (also referred to as 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. This condition or element is often considered a necessary requirement to the formation of a contract.

References:

  1. Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.



SHARE THIS PAGE


TOP LEGAL TERMS THIS WEEK
1.     precedent
2.     AORO
3.     lex patriae
4.     vicarious liability
5.     Miranda warning
6.     adjudication order
7.     stare decisis
8.     culpability
9.     appellant
10.     domestic violence