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In a contract made between company A and B:

"Company A undertakes to procure the product requirements exclusively from company B"

What is the meaning of that expression?

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up vote 3 down vote accepted

This is English by way of Legalese (of which I have often been guilty).

In this context, undertake means

commit oneself to and begin (an enterprise or responsibility); take on:
a firm of builders undertook the construction work

Procure means

tr to obtain or acquire; secure

In contract law, requirements has a special meaning. It refers to all of a company's needs for a particular product.

In Human English, the sentence means

Company A promises to buy all of the product it needs exclusively from company B

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Undertakes to procure pretty much means tries to get.

You could say endeavours to acquire, too, if you are being paid by the letter.

But just plain tries to get is simplest.

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I think in a contract undertakes means promises, engages. – StoneyB Feb 7 '13 at 13:21

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