objective theory of contract
objective theory of contract. The doctrine that a contract is not an agreement in the sense of a subjective meeting of the minds but is instead a series of external acts giving the objective semblance of agreement. — Often shortened to objective theory. Cf. SUBJECTIVE THEORY OF CONTRACT; MEETING OF THE MINDS . [Cases: Contracts 15, 147(1). C.J.S. Contracts §§ 35–36, 38, 308; Parent and Child § 178.]