What does undertaking mean in legal terms?
What does undertaking mean in legal terms?
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 an undertaking in law example?
Giving an undertaking to a bank is a good example. Any lawyer practicing real property has received a request from a bank to repay interim funding from mortgage draws. Simply put, your client gives you an irrevocable direction to repay her bank a certain amount of money from mortgage draws.
What is an undertaking in contract law?
1 An undertaking is an agreement to do something in the future. A contract might provide that you “undertake to” do something, or it might just say that you “shall” do it or that you “agree to” do it.
What is the purpose of an undertaking?
The whole purpose of undertakings is to create a binding obligation where the person giving the undertaking has no personal financial interest in the matter or transaction to which the undertaking relates.
What is an undertaking in civil law?
An undertaking is a promise made by a solicitor upon which the recipient is entitled to rely and depending on the circumstances, which binds the solicitor or solicitor’s client or both. Undertakings are obligations that lawyers pledge themselves or their clients to honour.
Who can give a legal 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.
What is the difference between undertaking and bail?
An undertaking given to a judge is a type of release that is received when the judge approves your bail. After agreeing, you’ll be bound to appear before a judge on a specified place, date and time.
What is the difference between undertaking and agreement?
As nouns the difference between agreement and undertaking is that agreement is (countable) an understanding between entities to follow a specific course of conduct while undertaking is the business of an undertaker, or the management of funerals.
Who can give undertakings?
What is an undertaking in family law?
An Undertaking is a binding promise which you make either to the Court or to the other party in proceedings, promising either to do something, or not to do something. In domestic abuse proceedings, an Undertaking can be a promise to do or to avoid ALL the steps contemplated by the proposed Court Order.
Can an undertaking be verbal?
A solicitor’s undertaking is a commitment by a solicitor to do something, cause something to be done or abstain from doing something. It can be given orally or in writing and does not have to include the word “undertake” or “undertaking”. The benefiting party must reasonably place reliance on it.
What does undertaking mean in law?
Undertaking. A written promise offered as security for the performance of a particular act required in a legal action. In a criminal case, an undertaking of bail is security for the appearance of the defendant. In the event the defendant fails to appear, the amount posted as bail is forfeited. An undertaking with adequate security is a bond.
What is undertaking means?
That which is undertaken; any business, work, or project which a person engages in, or attempts to perform; an enterprise.
What does undertakings mean?
undertaking(Noun) That which is undertaken; any business, work, or project which a person engages in, or attempts to perform; an enterprise. undertaking(Noun) The act of one who undertakes, or engages in, any project or business.
What is the meaning of a ‘breach of undertaking’?
A breach of the undertaking may however be evidentiary support in a subsequent protection order application. Where a judicial officer decides that an undertaking is the most appropriate outcome in a particular case, it is important that the victim understands the consequences of accepting an undertaking, especially where they are self-represented.
