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On Company Letterhead LETTER OF UNDERTAKING We the undersigned hereby undertake the following a I/We shall strictly implement the terms mentioned in the Contract of Employment attested by the High Commission of India Kuala Lumpur and that under no circumstances will amend it or enter into any separate contract of Employment with the Indian employees before or after their taking employment with b I/We shall repatriate any Indian employees as a result of termination of Contract by either side...
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What is letter of undertaking?
Letter of undertaking (LOU) is a form of bank guarantee under which a bank can allow its customer to raise money from another Indian bank's foreign branch in the form of a short term credit.