MLchartDataset catalogue

Tender

Term · Law · MLC-T-LAW-004874

An unconditional offer by one party to another to perform a contractual obligation, such as paying a debt or delivering goods. It demonstrates the offering party's readiness and ability to fulfill their part of the agreement. A valid tender, if refused without justification, can discharge the tendering party from further liability for non-performance.

Table 1. Record
IdentifierMLC-T-LAW-004874
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004874",
  "term": "Tender",
  "field": "Law",
  "definition": "An unconditional offer by one party to another to perform a contractual obligation, such as paying a debt or delivering goods. It demonstrates the offering party's readiness and ability to fulfill their part of the agreement. A valid tender, if refused without justification, can discharge the tendering party from further liability for non-performance.",
  "url": "https://mlchart.com/terminology/law/tender/"
}

Record 4,973 of 5,439 in Law terminology (MLC-0107). Request the full dataset.