Commitment usually means an agreement to be responsible for something. In a legal context, it is usually a party who accepts a contract of surety under which he pays a debt or performs an obligation when the other person who is obliged to pay the debt or perform the duty does not. In criminal proceedings, a bail obligation is a guarantee for the appearance of the accused. If the accused does not appear, the amount indicated as bail will be forfeited. A promise, commitment or goal. Any commitment made by the Parties, which is considered independent and not reciprocal, can be qualified as an « obligation » in this sense. The term « company » is often used in the specific sense of a promise made by a party or its lawyer in the course of legal proceedings, usually as a condition for obtaining a concession from the court or the opposing party. You may need to agree to pay a sum of money, either in a lump sum or in installments. If you do not make a payment (whether it is a lump sum payment or an instalment payment), the person receiving the payment can ask the court to perform the obligation. If the court finds that you can afford to pay the agreed amount, but you refused or missed, you may be sent to jail. A written promise offered as security for the performance of a particular action required in a dispute. If you would like to talk to us about a specific legal issue, please select an area of activity: Obligations are a legally binding promise that has serious consequences in case of breach. You should only commit if you are sure that you can meet the terms of the commitment.

These sample phrases are automatically selected from various online information sources to reflect the current use of the word « company ». The views expressed in the examples do not represent the views of Merriam-Webster or its editors. Send us your feedback. When you make a commitment, you must sign that you understand the consequences of a breach and its seriousness. 27-18-302. Filing of undertaking statement — Sheriff`s liability. The sheriff must then file this declaration of undertaking with the clerk of the district court from which the attachment order is issued, and that sheriff subsequently loses his liability under this pleading, and all acts relating to this obligation are directed against the debtors named in this obligation. A commitment is « a commitment made by a party to the Court of Justice, which is often binding and relates to a commitment to the other party to the proceedings ».

Thesaurus: All synonyms and antonyms for enterprise TLDs Example: The President offered her personal commitment to ensure that her company would stop building its new plant, while the environmental impact lawsuit was settled. Here are examples of state laws that deal with businesses: Nglish: Translation of companies for Spanish speakers See the full definition of companies in the dictionary English Language Learners It is common for many lawyers to make commitments on a daily basis. However, for the ordinary customer involved in family proceedings, businesses are uncharted territory, and we are often asked to explain what a business is. A client is usually required to take an obligation in financial settlement cases and children`s proceedings. 16.11.070 Submission of an undertaking. Instead of a general or special deposit, or to supplement a general deposit of insufficient amount, the moving contractor may submit to the Commissioner an obligation of not less than one thousand dollars, executed either by two fair and sufficient sureties or by an enterprise which, for the purposes of surety or suretyship, furnishes sureties or obligations in accordance with article 1056 of the Code of Civil Procedure, and by the removal operator, subject to the payment of all fees and other costs charged under this Article which may become payable on the basis of authorisations granted for a period of at least one year. A company with sufficient security is a link. The term is used in a general sense to refer to any type of promise or purpose.

(a) No later than 15 days after the third party`s claim is filed with the party liable to pay duties under section 720.120 or 720.220, or 15 days after the filing of an obligation under section 720.610, the creditor or third party may request a hearing from the court to determine the validity of the third party`s claim and the appropriate disposition of the property that is the subject of the claim; TBD. (b) The hearing may take place whether or not a statement of undertaking has been filed, but not if a filing has been made under section 720.260. (c) The hearing shall be held within 20 days after the application is made, unless the court continues the hearing for cause. You can also pledge not to do something. This does not mean that you would admit bad behavior in the past. This simply means that if you breach the obligation, you will be exposed to the following consequences: If you would like to discuss this further, please contact Lynn Gooch on 020 8502 3991 for more information. Note: One party is often required to bring an action for property (such as seizures) to indemnify the other party if the court`s action (e.g. seizure of property) is later found to be unjustified. Supported by Black`s Law Dictionary, Free 2nd ed., and The Law Dictionary.

They are intended to include in a decision a clause which does not fall within the competence of the decisions empowered by the Court of Justice. For example, in a financial settlement procedure, you may agree to exempt your partner from the mortgage. COMMITMENT, contracts. A commitment of one of the parties with the other and not the mutual commitment of the parties to each other; A promise.