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1 A promise, especially in legal proceedings, that creates an obligation. A solicitor who breaks such a promise will be in breach of disciplinary rules.

2 A business, such as a company, partnership, or sole trader. Article 81 of the Treaty of Rome applies to agreements between undertakings. EU case law has established that some state bodies of a trading nature, as well as charities and trade associations, may under certain circumstances be classed as undertakings.

Subjects: Law.

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