This presentation summarizes the Michaelis-Menten equation, which models enzyme-catalyzed reactions. It describes how the Michaelis-Menten hypothesis proposes that the enzyme-substrate complex is formed in the first step of the reaction. The Michaelis-Menten equation relates the reaction rate to substrate concentration and defines terms like KM, the Michaelis constant, and Vmax, the maximum reaction rate. Graphs like Lineweaver-Burk plots are used to determine KM and Vmax values from experimental data. The significance of these terms and the application of the Michaelis-Menten model to understand various biochemical processes are also discussed.