Assumption of Obligations

The Assumption of Obligations means that when someone takes on a responsibility or duty—such as a contract, agreement, or task—they formally agree to fulfill that obligation. This can happen explicitly, through a written or spoken promise, or implicitly, when circumstances imply acceptance. Essentially, it’s about accepting the duty to perform or honor commitments made, making one legally or morally responsible for ensuring the obligation is met. This principle ensures accountability and clarity in relationships or agreements involving responsibilities.