Assume Legal Meaning and Definition
Here is a simplified definition of the legal term Assume.
- To accept or start having responsibility, liability, or an obligation that is connected with a particular matter. Example: When a firm is absorbed by another, the absorbing firm might assume the liabilities of the absorbed firm.
- To take up a role or duty. Example: A person might assume the charge of an arbitrator (an impartial individual who resolves disputes).
In a legal context, 'assume' often indicates that a person, company, or other entity willingly accepts a role, responsibility, or obligation.