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hello and welcome to todays short and sweet sunday today were going to explain the difference between an undertaking a warranty and an indemnity undertakings are statements made orally or in writing promising to take or refrain from certain actions in the future they can be made by someone representing the firm for example solicitors undertakings are very very important in law firms and theyre taken very seriously when i was in practice i was never allowed to make an undertaking unless a partner or an associate signed on it an example of an undertaking is the seller may undertake to the buyer that they will settle pending litigation this undertaking can be enforceable against the seller the next thing i want to talk about is a warranty a warranty are statements of existing facts that are contained in a contract so these are promises or assurances relating to the present condition of an object or state of affairs so its very much relating to the present a bdocHub of a warranty means