1, 2 and 3 and for Respondents in No. It is commonly used to describe a promise made by either a party or his lawyer to the court to perform a particular task. Letter of Undertaking Law and Legal Definition. C.J.S. What is UNDERTAKING? For the purposes of the Companies Act 2006, it means either: A body corporate or partnership; or. In a criminal case, an undertaking of bail is security for the appearance of the defendant. There is no definition of an ‘undertaking’ given in the TFEU. 224, 5; 4 B, & A. State laws can vary as to the situations that permit undertaking. Letter of undertaking means an agreement by which a ship-owner undertakes the following: to employ security on the ship; to enter an appearance acknowledge ownership; and. (c) The hearing shall be held within 20 days after the filing of the petition unless continued by the cou in … Breach of a solicitor’s undertaking is a matter of professional misconduct. A promise, engagement, or stipulation. Undertakings remain in effect until vacated by a court, or the applicable charges are disposed of in court. Ruralco Holdings Limited - ACCC seeks feedback on draft s87B undertaking, Sukuk Al Mudaraba: Issues relating to Distribution of Losses between the Issuer and Investors, Competition and Markets Authority Invites Comments on Undertakings in Breedon/ Tarmac Trading Merger, Eniro reports on lock-up undertakings by lending banks, CCP launches online pre-merger application filing system, New Directions in the Philosophy of Social Science, Trade fairly or risk jail, car dealer told, Dar reviews development on Bari Imam Complex, Anwar, Ghauri attest MQM chief''s undertaking for LHC at Pakistan HC in UK, Unable to pay truck loan, agreement never signed, Undertaking for Collective Investment in Transferable Securities, Undertakings for Collective Investment in Transferable Securities, Undertakings for Collective Investments in Transferable Securities. The term is used in a general sense to refer to any type of promise or stipulation. Expanded Legal Definition of LessorLetter of Credit An ~ to pay money on stated terms such … 1 : a promise or pledge especially required by law. “Such informal or extra-legal agreements save court costs and the marshal’s fees, avoid the annoyance of having the vessel even temporarily arrested and may well be cheaper than the usual surety bond …. Undertaking in general means an agreement to be reponsible for something. https://legal-dictionary.thefreedictionary.com/undertaking, "Based on a report by the (Iranian) foreign ministry, Iran has acted upon all its, An election was permitted to treat as separate activities those, These factors do put in doubt the viability of the purchase, 29 May 2018 - The UK Competition and Markets Authority (CMA) has opened a consultation on, Eniro AB (STO:ENRO) announced on Thursday, that in connection with its recapitalisation, the company's lending banks have made so called lock-up, "To ensure safety of the documentation, the system uses secure certificates to ensure that all communications between the Competition Commission of Pakistan and the concerned, Social agreements are intensified via a mechanism of covering and constitution from lowerlevel distinct and social, He appeared at the court on Thursday September 29 where he signed an, The Finance Minister expressed satisfaction over the work with, LONDON -- Muttahida Qaumi Movement (MQM) senior leaders Mohammad Anwar and Babar Ghauri visited the Pakistan High Commission to attest MQM Chief Altaf Hussain's, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, Brief for Appellants in Nos. Undertaking Agreement. promise. “a statement, given orally or in writing, whether or not it includes the word “undertake” or “undertaking”, made by or on behalf of you or your firm, in the course of practice, or by you outside the course of practice but as a solicitor or REL, to someone who reasonably places reliance on it, that you or your firm will do something or cause something to be done, or refrain from doing something.” While it’s not strictly illegal to undertake on a motorway or dual carriageway in the UK, it can be extremely dangerous, and punishable if … Browse US Legal Forms’ largest database of 85k state and industry-specific legal forms. 11.16.070 Filing an undertaking. Undertaking definition, the act of a person who undertakes any task or responsibility. To qualify, no intention to earn profits is required, nor are public bodies by defini-tion excluded. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. Definition of UNDERTAKING: A promise, engagement, or stipulation. In a legal context, it typically refers to a party agreeing to a surety arrangement, under which they will pay a debt or. Undertaking Law and Legal Definition. UNDERTAKING, contracts. (a) The defendant may object to the plaintiff's undertaking not later than 10 days after levy of the writ of possession. public undertaking means any undertaking over which the State or other regional or local authorities may directly or indirectly exercise a dominant influence by virtue of their ownership of it, their financial participation therein or the rules which govern it. You’ll find more answers, take a trial and find out how Lexis ®PSL saves you time. In the event the defendant fails to appear, the amount posted as bail is forfeited. *note: The information on this page is not legal advice. The following is are examples of state laws dealing with undertakings: (a) Not later than 15 days after the third-party claim is filed with the levying officer pursuant to Section 720.120 or 720.220, or 15 days after filing an undertaking pursuant to Section 720.610, either the creditor or the third person may petition the court for a hearing to determine the validity of the third-party claim and the proper disposition of the property that is the subject of the claim. The Court holds that the legal status or form of the entity in question is not the issue for the purposes of EU competition rules. In a legal context, it typically refers to a party agreeing to a surety arrangement, under which they will pay a debt or perform a duty if the other person who is bound to pay the debt or perform the duty fails to do so. An unincorporated association carrying on a trade or business, with or without a view to profit ( section 1161, Companies Act 2006 ). In deciding what constitutes an undertaking, it is necessary to look at the definition. Undertaking Law & Legal Definition – USLegal – Undertaking in general means an agreement to be reponsible for something. (a) The defendant may object to the plaintiff's undertaking not later than 10 days after levy of the writ of possession. Definition of Undertaking based on the Glossary of terms used in EU competition policy (Antitrust and control of concentrations, 2002):For the purpose of EU antitrust law, any entity engaged in an economic activity, that is, an activity consisting in offering goods or services on a given market, regardless of its legal status and the way in which it is financed, is considered an undertaking. Definition of. In lieu of making either a general or special deposit, or to supplement a general deposit not sufficient in amount, the moving contractor may file an undertaking with the commissioner in a penal sum not less than one thousand dollars, executed either by two good and sufficient sureties or by a corporation incorporated for the purpose of making, guaranteeing, or becoming a surety upon bonds or undertakings, complying with Section 1056 of the Code of Civil Procedure, and by the moving contractor conditioned upon the payment of all fees and other charges required by this article, which may become due because of any permits issued during a period of not less than one year. In the event the defendant fails to appear, the amount posted as bail is forfeited. In a legal context, it typically refers to a party agreeing to a surety arrangement. Netherlands – Undertaking is specifically prohibited, exceptions include vehicles waiting to turn left, traffic congestion and on roundabouts. to pay any final decree entered against the vessel whether it is lost or not. Poland – Undertaking is legal on 4-lane roads in built-up areas, 6-lane roads outside built-up areas and on one-way roads with marked lanes (this definition includes motorways). An assurance. If an undertaking for redelivery is filed and the defendant's undertaking is objected to, the provisions of Section 515.030 apply. Undertakings are one of the key clauses in a loan agreement, and you should read them carefully before entering into a loan agreement. The Court of Justice has, however, construed this term widely. An undertaking is “a promise given by one party to the Court, frequently of mandatory nature and relating to an obligation to the other party in proceedings.” Undertakings are a legally binding promise which carry severe consequences if breached. Convenient, Affordable Legal Help - Because We Care. Breaking it down into its constituent elements, an undertaking: must be a statement – which can either be oral or in writing but which does not have to include the words “undertake” or “undertaking”; Undertaking During legal situations parties may make promises. 515.030. Undertakings are not used for serious domestic violence cases or in situations in which a mother or child may be at risk of significant harm. to pay any final decree entered against the vessel whether it is lost or not. What does Undertaking mean? Even if the Undertaking is flawed or contains errors, you may still be guilty of an offence if you breach any condition. Learn more. In a legal context, it typically refers to a party agreeing to a surety arrangement, under which they will pay a debt or perform a duty if the other person who is … The meaning of this term varies depending on the context in which it is used. It can be enforced against the solicitor by the courts. Undertaking in general means an agreement to be reponsible for something. Call a lawyer and get legal advice. A written promise offered as security for the performance of a particular act required in a legal action. Undertakings are frequently used in family law cases in which the court does not consider there to be a need for a full injunction. Undertaking in general means an agreement to be reponsible for something. A party seeking an interlocutory injunction will normally be required to give an undertaking to pay any damages the defendant may incur as a result of the injunction having been wrongfully obtained by the plaintiff. Risto Rüütel has written an article on competition law issues related to agreements with management board members. Undertaking – have you been breaking the law? The defendant shall mail … Dominant influence shall be presumed when public authorities, directly or indirectly, hold the majority of the undertaking’s subscribed capital or control the … undertaking definition: 1. a job, business, or piece of work: 2. a formal promise: 3. a job, business, or piece of work: . An assurance. An undertaking with adequate security is a bond. "You have an excellent service and I will be sure to pass the word.". Undertakings are one of the key clauses in a loan agreement, and you should read them carefully before entering into a loan agreement. Legal Definition of undertaking. In a criminal case, an undertaking of bail is security for the appearance of the defendant. The Court of Justice has, however, construed this term widely. Definition of Undertaking A promise, especially a promise in the course of legal proceedings by a party or his counsel, which may be enforced by attachment or otherwise in the same manner as an injunction. An undertaking by a solicitor to do something. Undertaking in general means an agreement to be reponsible for something. (c) The hearing shall be held within 20 days after the filing of the petition unless continued by the court for good cause shown. An undertaking with adequate security is a bond. 515.030. undertaking - any piece of work that is undertaken or attempted; "he prepared for great undertakings" This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. (b) The hearing may be held whether or not an undertaking has been filed but not if a deposit has been made pursuant to Section 720.260. It is particularly important to make sure that you can comply with each undertaking and that it is within your control. It is often overlooked that the definition of undertaking in competition law is quite broad and encompasses not only legal persons but (if … Undertaking in general means an agreement to be reponsible for something. The Court holds that the legal status or form of the entity in question is not the issue for the purposes of EU competition rules. In a legal context, it typically refers to a party agreeing to a surety arrangement. Unitary organisation (composed of personal, tangible and intangible aspects) engaged in an economic activity, regardless of the legal status of the entity and the way in which it is financed. A written promise offered as security for the performance of a particular act required in a legal action. In the event the defendant fails to appear, the amount posted as bail is forfeited. [Cases: Admiralty 57. The definition of an undertaking is a task or an agreement to do something. Each of the promises made by the parties to a contract, considered independently and not as mutual, may. Letter of Undertaking Law and Legal Definition. You can take simple steps to ensure that you comply with your loan’s undertakings. An engagement by one of the parties to a contract to Undertaking Agreement means the undertaking to be signed on the Closing Date among the Lifestyle Sellers, Seller's Principals, Buyer and TSI's Affiliates, with respect to certain post-closing obligations of the Lifestyle Sellers and Seller's Principals. 5, Iranian Speaker Blasts US Disloyalty, Doubts Continued Validity of N. Deal, Stonesoft's complaint results in undertaking from Check Point. It is particularly important to make sure that you can comply with each undertaking and that it is within your control. The defendant shall mail … Legal definition for UNDERTAKING: A promise, engager ment, or stipulation. Admiralty §§ 162–168.] You can take simple steps to ensure that you comply with your loan’s undertakings. A letter of undertaking is often issued by the shipowner’s liability insurer. This Practice … A written promise offered as security for the performance of a particular act required in a legal action. Criminal Undertaking (Form 10), Breach of Undertaking / Fail to Comply A criminal court Undertaking (Form 10 as of 2020) is a common tool used in Ontario, Canada by the police to compel accused persons to attend court and abide by specific conditions while their case is pending before the courts. | Meaning, pronunciation, translations and examples The ECJ’s method of statutory interpretation, although drawing on those of the national courts, is an individual one. The sheriff shall thereupon file said undertaking with the clerk of the district court out of which said writ of attachment emanates, and such sheriff shall thereupon cease to be liable under said writ, and any and all actions on such undertaking shall be against the obligors named in such undertaking. 595. 19th Jun 2018 ‘Undertaking’ is the practice of overtaking a slower moving vehicle on its left-hand side (kerb side). Each of the promises made by the parties to a contract, considered independently and not as mutual, may, in this The Law Dictionary Featuring Black's Law Dictionary Free Online Legal Dictionary 2nd Ed. Filing of undertaking -- sheriff's liability. Undertaking. Letter of undertaking means an agreement by which a ship-owner undertakes the following: to employ security on the ship; to enter an appearance acknowledge ownership; and. A party seeking an interlocutory injunction will normally be required to give an undertaking to pay any damages the defendant may incur as a result of the injunction having been wrongfully obtained by the plaintiff. An undertaking is a commitment by a solicitor to do something. See more. 2 : something (as cash or a written promise) deposited or given as security especially in a court. Failure to comply with an undertaking can also be professional misconduct leading to disciplinary action by the SRA or SDT. Undertaking definition: An undertaking is a task or job , especially a large or difficult one. United States – Undertaking is typically allowed on multi-lane roadways or to pass left-turning vehicles. For the purpose of EU antitrust law, any entity engaged in an economic activity, that is an activity consisting in offering goods or services on a given market, regardless of its legal status and the way in which it is financed, is considered an undertaking. The undertaking should only be given if it is within the solicitor’s power to perform the task required by the undertaking. What does undertaking mean? The legal definition of Undertaking is An unequivocal declaration of intention made by a lawyer in the course of his/her practice, addressed to someone who reasonably places reliance on it. When it is called an undertaking this means it is a legal promise that can be enforced by the Court. It is commonly used to describe a promise made by either a party or his lawyer to the court to perform a particular task. The rules governing concentration… An undertaking with adequate security is a bond. There is no definition of an ‘undertaking’ given in the TFEU. 27-18-302. If an undertaking for redelivery is filed and the defendant's undertaking is objected to, the provisions of Section 515.030 apply. 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