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 ?
The second major risk is vicarious liability -- when the broker appears to be controlling the carrier to the point of supervising its actions and therefore assuming liability for them.
The equity exchange agreement includes other features, which include the state assuming liability for any seismic damage.
The company gave no indication it was assuming liability for the expenses the taxpayer would incur in contesting the IRS charges.
The move is in response to growing numbers of publications that require freelancers to sign contracts assuming liability for damages resulting from their work.