Consensus Ad Idem (Agreement)

If a party agreed to enter into a contract because of fraud, misrepresentation or mistake, the contract may be considered void. What may appear superficially to be a valid contract may be invalid, because consent was affected by one of these elements. There is no ‘consensus ad idem’, i.e. no real agreement, if one party enters into a contract believing that certain facts, which are important to the contract, are different from what actually exists.