Is a letter of undertaking legally binding?
Md Ariful Islam
বিএসসি(সিএসই)
,
এমবিএ(মার্কেটিং)
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Dr. Md Rushad Rahman
এমবিবিএস(আরপিএমসি)
,
পিজিটি(মেডিসিন)
Yes, letters of undertaking are similar to contracts, and the terms are often legally binding. A letter of undertaking is considered to be a formal agreement between two parties.
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