mutual mistake

Definition of "mutual mistake"
  1. An error shared by all the involved parties in a contract, who were in unity about the intent or clauses of the contract
How to use "mutual mistake" in a sentence
  1. The mutual mistake in the contract led to discrepancies between the parties during its execution.
  2. Because of a mutual mistake regarding the property's boundaries, both parties agreed to renegotiate the terms of the contract.
  3. A mutual mistake about the cost of materials resulted in an inaccurate estimation of the total project cost.

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