Assumption of Risk

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Assumption of Risk

1. In law, an agreement by which one party takes on the risk of another party, often for some compensation.

2. In torts, a defense in a lawsuit in which the defendant argues that the plaintiff took a risky action after having been informed of risks in such a way that a reasonable person would understand such risks. This limits the defendant's liability in the lawsuit. However, some states limit the use of the assumption of risk defense.
References in periodicals archive ?
is a clear violation of statutes governing the State and School Employees Health Benefits Plans as well as some state union contract language," said Luba Shagawat, Clinical Social Work Guild 49's Director of Legislative Affairs.
Some statutes provide qualified immunity to an employer for reporting employee conduct in violation of statutes or regulations.
Irvin Khoza, vice-president of the South African Football Association, said: 'FIFA rejected arbitration on the grounds that there was no violation of statutes.