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 ?
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.