All About Undertakings
Undertakings are regularly sought and given as a way of facilitating and expediting legal proceedings and transactions.
But failure to comply with an undertaking can have serious consequences for the lawyer personally and for the firm. A poorly-considered undertaking can be truly “hazardous”.
Are you and your lawyers attuned to the risks and aware of how to limit those risks?
Topics for discussions include:
The nature of the lawyer’s promise
How undertakings are interpreted
The consequences of breaching an undertaking
Managing risk in relation to undertakings