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CHICAGO TITLE INSURANCE COMPANY GAP INDEMNITY AGREEMENT NOTE: THIS FORM IS TO BE USED ONLY IN SITUATIONS WHICH HAVE BEEN SPECIFICALLY APPROVED BY AN UNDERWRITER FOR CHICAGO TITLE INSURANCE COMPANY.

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Filling out the What Is A Personal Undertaking Form is a crucial step in ensuring the proper management of your commitments. This guide will provide clear, step-by-step instructions to help you navigate the completion of the form online, ensuring all necessary components are addressed.

Follow the steps to accurately complete the form online.

  1. Click ‘Get Form’ button to obtain the form and open it in the editor.
  2. Begin by entering the date on which the Agreement is made, in the designated field. This date is important as it indicates when the commitments become effective.
  3. In the section for Indemnitor, provide the legal name or names of the individuals or entities involved. Make sure to include all relevant parties to avoid any future disputes.
  4. Next, describe the property that is subject to the title insurance. This includes providing the address and any specific identifiers associated with the property.
  5. In the Title Matter section, list any known defects, liens, or encumbrances related to the property, if applicable. This information is crucial for the indemnification process.
  6. Review the indemnification clauses, ensuring that they match your understanding of the obligations being agreed upon. Confirm that you understand your responsibilities as stated.
  7. In the final sections, provide your printed or typed name, title, and relevant contact information for all parties agreeing to the terms. Ensure all required signatures are included.
  8. Conclude by saving any changes. You may download, print, or share the completed form as needed for your records or for submission.

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Undertakings are a fundamental part of the practice of a solicitor and their importance cannot be stated too strongly. It is essential that they be observed whenever they are given and so should only be given when it is clearly possible for them to be honoured.

An undertaking is “a promise given by one party to the Court, frequently of mandatory nature and relating to an obligation to the other party in proceedings.” Undertakings are a legally binding promise which carry severe consequences if breached.

Undertaking: (see also “Requisitions on Title”) A promise given by a lawyer, which must be honoured at whatever cost! Mostly used when acting for a seller who has a mortgage to pay off on the sale property and given to the buyer's lawyers prior to completion.

undertaking. noun. un·​der·​tak·​ing. : a promise or pledge especially required by law. : something (as cash or a written promise) deposited or given as security especially in a court.

An undertaking to do something or not to do something other than pay month includes a notice to the person giving the undertaking setting out the consequences if they breach that undertaking i.e. that they could be fined, imprisoned or their assets may be seized.

An undertaking is “a promise given by one party to the Court, frequently of mandatory nature and relating to an obligation to the other party in proceedings.” Undertakings are a legally binding promise which carry severe consequences if breached.

A letter of undertaking from a law firm acting for a security provider to hold the deeds to assets (often real estate) over which security has been granted.

ing to the Supreme Court, the generally accepted test is that the undertaking must be given by the solicitor in their capacity as a solicitor.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232