Acceptance in contract law is when a person agrees to the terms of an offer without any changes. The answer is ABSOLUTELY!I can give you two examples. Common Law: Traditional "Mirror Image" Rule. The traditional contract law rule is that an acceptance must be the mirror image of the offer. Acceptance is a critical concept in contract law. Agreeing to an offer forms a legally binding agreement between the two parties. Acceptance represents the meeting of the minds of the parties to the contract - both agree to exchange something for the other (payment, services, goods, etc.). In contract law, offer and acceptance are fundamental elements that establish a legally binding agreement between parties.