assume liability for

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assume liability for

To take responsibility for something, typically a cost or expense. When you signed the contract, you assumed liability for fees like this.
See also: assume

assume liability for something

to accept the responsibility for paying a cost. Mr. Smith assumed liability for his son's student loans. The store assumed liability for the injured customer's hospital bills.
See also: assume
References in periodicals archive ?
Vaccinations could begin after Friday when the Secretary of Health and Human Services is expected to declare that the federal government assumes liability for complications.
Meli and Borrelli both maintain that design/build will be the trend of the future, especially when companies are demanding more value for every dollar, because the "one stop" shopping concept provides a single source of total control for architecture, design, budget, engineering and construction, and assumes liability for any problems.
Consequently, no assurance can be given as to future operations, results or performance, and neither Gabelli nor any other person assumes liability for the accuracy and completeness of the forward-looking statements in this press release.
Consequently, no assurance can be given as to future operations, results or performance, and neither the Company nor any other person assumes liability for the accuracy and completeness of the forward-looking statements in this press release.
APX assumes liability for the notification once the trading parties have entered the deal on our systems and received confirmation.
Once common carriers receive the goods from mail-order companies under shipment contracts, title passes from the seller to the buyer, and the buyer assumes liability for the goods during shipment.