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 ?
selected bidder(s), and assumes liability for payment only for services satisfactorily delivered by
However, when an institution covers up alleged crimes or obstructs the delivery of justice, the institution assumes liability for its members' wrongdoings.
Unlike some other warranties, a structural warranty from StrucSure Home Warranty begins on the day of closing and assumes liability for major structural defects on the new home for the next 10 years.
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.
The IRS implemented the certified PEO program January 1, 2017, and while a majority of states previously had individual programs for licensing or registering PEOs, this is the first initiative to formally specify who assumes liability for Federal taxes in the relationship between PEO service providers and their clients.