A letter of undertaking is an assurance by one party to another party that they will fulfill the obligation that had been previously agreed on, but not written into a contract. This letter of undertaking concerns terms and conditions related to the completion of a certain project as promised between the promisor and the promisee. The Promisee undertakes to adhere to all terms and conditions herein the letter of undertaking. The Letter is drafted in favour of the Promisor and the Promisor also has the opportunity to add in additional conditions in the document if he/she decides to.
This document should be carefully read by the Promisee and the Promisor.
Both parties should sign and return a copy, and once signed, both parties should get a copy.
All terms and conditions of the related project should all be clearly stated in the letter of undertaking.
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