The phrase "assume a contract" is correct and usable in written English.
It can be used in legal or business contexts when discussing the acceptance or establishment of a contractual agreement.
Example: "Before proceeding with the project, both parties must assume a contract outlining their responsibilities and obligations."
Alternatives: "enter into a contract" or "establish a contract".
If a debtor assumes a contract, it must cure all past defaults, and if that happens, Calpers is happy.
This matter is easily tested by assuming a contract of employment for a year and the insertion of a condition upon which the right of employment should continue.
Thus, a bid of one heart assumes a contract to win seven tricks with hearts as trumps; a bid of one no trump, seven tricks with no trump suit.
Eventually, SMG agreed to invest $5 million in the team, run the arena through 2004 under a lease that is favorable to the team, and assume a management contract in 2005 when the team takes control of the arena.
Assuming a comprehensive contract costing 6% of the cost of the system the resulting cost per women screened is £0.14, £0.15 and £0.22 in high, average and low volume sites respectively.
Perhaps as the technology matures, and sequentially complicated financial use cases are proven, we may slowly see smart contracts assume a role in complex financial transactions in a mature market like the U.S.
Readers often assume a large and conventionally contracted staff produce the weekly issues, and are astonished to learn that this lean organization is fueled by the photographic, journalistic and editorial output of its founders and dedicated contributors and editors, as a labor of love.
On the other hand, if we assume a higher probability of contracting influenza in FP offices without intervention, such as 5%, to achieve the targeted efficacy rate of 0.83%, the probability of contracting influenza would be approximately 4.2%, representing a smaller relative risk reduction in influenza transmission in FP offices.
Results are aggregated to compute the total annual expected loss for the entire Italian building stock, and the total income and profit margin for the insurance company assuming an insurance contract for all the property owners.
After all, when a corporate debtor uses debtor-in-possession financing to pay "critical trade creditors," or to cure past defaults before assuming an executor contract, it's not really so much about paying for ongoing operations.
