Acceptance Legal Meaning and Definition

Here is a simplified definition of the legal term Acceptance.

Acceptance (noun)

This refers to an act of indicating or expressing consent to certain legal terms or conditions, often pertaining to a contract. In essence, it's when one party agrees to the terms proposed by another, effectively creating a valid agreement or contract between them. Acceptance can be communicated verbally, in writing, or implied by actions and is a crucial element in the formation of contracts.