Assumption
/əˈsʌmpʃən/
Definitions
- (n.) The act of taking on a duty, responsibility, or role.
The assumption of the CEO's duties was completed yesterday.
- (n.) A statement accepted as true without proof for the sake of argument.
The contract was drafted based on the assumption that all parties agreed.
Forms
- assumptions
Related terms
See also
Commentary
In legal drafting, clearly distinguish between assumptions as factual premises and formal acceptance of duty to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.