Acceptance in a contract is also referred to as?

Acceptance in a contract is often referred to as a "meeting of the minds" because it signifies that both parties involved in the contract have a mutual understanding and agreement on the terms and conditions. This concept emphasizes that both parties have fully grasped the agreement they are entering into, and there is a consensus on what is being agreed upon. This phrase underscores the importance of clear communication and agreement in forming a legally binding contract, as both parties must have the same interpretation of the terms for the contract to be enforceable.

While other terms such as "mutual understanding" and "final agreement" might seem relevant, they do not capture the essence of acceptance in the same way. "Assimilation of terms" is not a commonly used term in legal discussions about contracts and does not accurately reflect the concept of acceptance as clearly as "meeting of the minds."