This Section sets out the duration of an LME undertaking, including when the undertaking has effect from, the maximum period of an undertaking and release of an undertaking.
	Subsection (1) explains that an undertaking has effect from: (a) the time when it is accepted by the Secretary of State, or (b) any later time specified in the undertaking for this purpose.
	Subsection (2) states that an LME undertaking has effect for the period specified in the undertaking.
	Subsection (3) states that the maximum period for an LME undertaking is two years.
	Subsection (4) gives the Secretary of State the power to release the subject from an LME undertaking, meaning effectively to terminate the undertaking.
	Subsection (5) requires the Secretary of State to release a subject from an LME undertaking if, at any point during the period for which the undertaking has effect, the Secretary of State believes that no measures are necessary for the purpose in Section 120(6).
	Where the Secretary of State releases the subject from an LME undertaking, subsection (6) requires the Secretary of State to take appropriate action to bring that fact to the attention of: (a) the subject, and (b) any other persons likely to be interested.
Part 5: Enforcement of Labour Market Legislation Labour market enforcement undertakings Section 121: Duration of LME undertakings