Assumption Of Risk Legal Meaning and Definition
Here is a simplified definition of the legal term Assumption Of Risk.
Assumption of Risk (n): The acceptance of the potential dangers or hazards involved in engaging in certain activities. This legal term is often used when an individual knowingly takes on possible risks, such as those involved in skydiving, snake charming, or future trading. In such cases, the individual may not be able to sue for any harm that arises from these known risks.