Letitia

Meeting of the Minds Definition.

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In contract law, the “meeting of the minds” or “mutual assent” is a requirement for the formation of a valid contract. This occurs when the parties to a contract have a shared understanding of the terms of the agreement. The meeting of the minds is necessary because it helps to ensure that both parties are … Read more

What You Need to Know About Engagement Letters.

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Engagement Letters: All You Need to Know Which of the following matter does an auditor usually include in the engagement letter? There are many different types of engagement letters, but most of them will include some basic information about the scope of the engagement, the auditor’s responsibilities, the client’s responsibilities, and the fees for the … Read more