Legal Definitions - perfect tender

Perfect tender refers to a valid and sufficient offer of performance, which can be an unconditional offer of money or performance to satisfy a debt or obligation. It is a way to save the tendering party from a penalty for nonpayment or nonperformance or to place the other party in default if they unjustifiably refuse the tender.

For example, if a seller offers to deliver goods to a buyer, and the goods are in conformity with the contract, the seller has made a perfect tender. If the buyer refuses to accept the goods without a valid reason, they will be in default.

Another example is when a debtor offers to pay their debt in full, and the creditor refuses the payment without a valid reason. In this case, the debtor has made a perfect tender, and the creditor will be in default if they refuse the payment.

Overall, perfect tender is a way to ensure that both parties fulfill their obligations under a contract and avoid any penalties for nonperformance or nonpayment.