What Does Tendered Contract Mean?

To “tender” a contract to a player is to agree to give a contract for the upcoming season to a player who is under club control.

What Does Tendered Contract Mean?

Tendered Contract:

A contract is a legally binding agreement between two or more parties. A contract can be verbal or written but is typically written to avoid any misunderstandings. A contract creates certain obligations between the parties to do, or not do, certain things.

A party maytender a contract to another party. Tender means to offer to do something, or to offer to supply something. When one party tenders a contract to another party, it is an offer that cannot be refused without legal consequences.

The party who offers the contract is called theofferer.” The party who is offered the contract is called theofferee.” The offeree can accept the contract, reject the contract, or do nothing.

If the offeree accepts the contract, then the contract is binding on both parties. If the offeree rejects the contract, then the contract is void and of no legal effect.

A contract can be eitherexecuted orexecutory.” An executed contract is one that has been fully performed by both parties. An executory contract is one that has not yet been fully performed by either party.

Tendered contracts are usually executory contracts. This means that both parties

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