What Is The Meaning Of Undertaking?

Is an undertaking an agreement?

Undertaking Letter Meaning: An undertaking letter or a letter of undertaking is a formal document, but not necessarily a contract that provides assurance from one party to another to fulfill an obligation.

An undertaking letter does not legally bind the parties like a contract, however, this changes with the scenario..

Is an undertaking legally binding?

An undertaking is a promise to the Court. An undertaking to the Court is as binding as an Order of the Court. For example, where a person gives an undertaking that they will take a certain action, the Court will require that person to take that action as if the Court itself had ordered the person to take the action.

What happens if you break an undertaking?

To Do or Abstain From Doing It simply means that if you break the undertaking you will subjected to the below consequences: Contempt of Court. Imprisonment. Fine and/or assets seized.

What does innovate mean?

intransitive verb. : to make changes : do something in a new way. transitive verb.

Who can provide an undertaking?

Undertakings are given on behalf of the firm and not an individual. You should only give an undertaking if you are duly authorised by your firm to do so. If you are so authorised, you must ensure you comply with any procedures your firm has in relation to undertakings.

How do you use the word undertaking?

She discouraged me from undertaking the work.Starting a new business can be a risky undertaking.Organizing the show has been a massive undertaking.Making the house habitable was a major undertaking.She gave a solemn undertaking to respect their decision. … He was entrapped into undertaking the work.More items…•Sep 17, 2016

Is an undertaking enforceable?

Undertakings drafted into contracts aren’t as a general rule enforceable. To have a party sign an undertaking that they will in effect adhere to the terms of the contract and not challenge them at a later stage is therefore not advisable.

Why is undertaking dangerous?

Some drivers may find it tempting to undertake, especially if they’re faced with a middle-lane hogger, but be aware that it can be dangerous and you can be fined for doing so. Undertaking recklessly could see you receive a fixed penalty notice (FPN) for careless driving or driving without due care and attention.

How long does a court undertaking last?

6 monthsAn Undertaking will be for a fixed period of time, usually 6 months. Undertakings, when offered by a Respondent, are done so on the basis that no admissions of the allegations are made and no Finding of Fact against a Respondent in relation to allegations is made by the Court.

What does undertaking mean in business?

A business undertaking is an institutional arrangement to conduct any type of business activity. The undertaking may be run by one person or association of persons. It may be based on formal or informal agreement among persons who undertake to run the concern.

What does undertaking mean in law?

In a finance or property law context, in some cases, an agreement or promise to do or provide something, or to refrain from doing or providing something, which is meant to be binding on the party giving the undertaking.

What is a major undertaking?

a job, task, or piece of work that someone has decided or agreed to do: a big/enormous/major undertaking This is an enormous and most ambitious undertaking.

What is private undertaking?

Private undertaking means any undertaking that does not receive public funding or is not on public lands.

What do u mean by undertaking?

An undertaking is a job or a task you commit to. The word also can mean the profession of funeral management. … The word undertaking suggests something that involves quite a bit of work. Organizing an Oxfam hunger-day at your school is a significant undertaking, but it’s worth all the effort.

What is another word for undertake?

In this page you can discover 97 synonyms, antonyms, idiomatic expressions, and related words for undertake, like: pitch into, engage, promise, take in charge, volunteer, busy oneself with, endeavor, try out, try, begin and commence.