Assumptions
/əˈsʌmpʃənz/
Definitions
- (n. pl.) Plural of assumption.
The contract's assumptions must be clearly stated to prevent disputes.
Related terms
See also
Commentary
In legal drafting, specify assumptions clearly as they underpin obligations or interpretations in contracts, often linked with representations and warranties.
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.