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Mutual Assent

Definition of "Mutual assent"

Christy Knox & Liz Jones
  Kelly Price & Company Llc

Offer and acceptance upon which an agreement is based. For a contract to be legal (and thus enforceable in a court of law), an offer must be made by one party to another party, who accepts the offer. If properly negotiated, the insurance contract is deemed to be a contract of mutual assent.

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