What is an Undertaking? Definition, Examples, and Legal Implications

Undertaking is a promise or commitment made by one party to another, usually in a legal or business context. It is a formal agreement or obligation that is legally binding and enforceable.

In the context of business, an undertaking may be a promise to deliver goods or services, to pay a debt, or to fulfill certain conditions or requirements. It can also be a commitment to abide by certain rules or regulations, such as a company's undertaking to comply with environmental laws or safety standards.

In the context of law, an undertaking is a legal agreement that one party makes to another, usually in exchange for some form of consideration, such as money or a promise to perform certain actions. For example, a defendant may make an undertaking to pay damages to a plaintiff if they are found liable for a breach of contract or other wrongdoing.

Overall, an undertaking is a serious commitment that is legally binding and enforceable, and it can have significant consequences if it is not fulfilled.