What is an acceptance agreement?

An acceptance agreement is a contract between two parties where one party accepts the offer of another that results in duties, obligations, or benefits. The contract includes details about who the parties are, what the offer is, and when the acceptance will officially go into effect.

What does accepting a contract mean?

Accepting a contract is a necessary part of making an agreement legal and binding.3 min read updated on February 01, 2023 Accepting a contract is a necessary part of making an agreement legal and binding. There are different ways to signify acceptance. Without acceptance, there is no contract. What Constitutes Acceptance of a Contract?

How is acceptance judged in a contract?

Acceptance will be judged objectively, meaning that if the average person makes an offer that he believes the other party accepted, then a contract exists, even if the other party didn't mean to accept. The “mirror image rule” says that if one party accepts an offer, it must accept it as-is, with no modifications.