What is a letter of commitment (memorandum) in corporate procurement and purchasing? Points to note, etc.
Procurement and Purchasing Management System! Explanation on how to create legally valid affidavits, among other topics.
In recent years, as one of the initiatives to prevent fraudulent transactions in companies and public institutions, there have been cases where guidelines for managing or auditing transactions are established, and the submission of a pledge is requested to raise awareness and clarify legal responsibilities during the procurement contract or purchasing transactions. A pledge, as the name suggests, is a document that indicates a commitment to some intention, and if created formally, it can have legal effect. This article will explain not only the definition of a pledge but also how to write it and points to consider when creating it. *For detailed content of the column, please refer to the related link. For more information, feel free to contact us.*
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