Mutual Mistake in Contractual Relationships

This Skill Bit talks about a mutual mistake that occurs when both parties share a misunderstanding about a fundamental aspect of the contract. This misunderstanding negates their consent, resulting in no true agreement. The contract is considered void or voidable due to the lack of genuine consensus, often involving incorrect beliefs about the subject matter’s identity or nature.

Duration approx. 2 Min.

Tier: advanced

A part of Common Contractual Mistakes: Prevention and Best Practices course.