Enter to open, tab to navigate, enter to select
Undertaking
Practical Law UK Glossary 3-381-0487 (Approx. 2 pages)
Glossary
Undertaking
The meaning of this term varies depending on the context in which it is used.
- For the purposes of the Companies Act 2006, it means either:
- A body corporate or partnership; or
- An unincorporated association carrying on a trade or business, with or without a view to profit (section 1161, Companies Act 2006).
- 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.