Legal Definition
In a legal context, 'assumed' refers to the act of taking something for granted or accepting a condition as true without requiring formal proof or explicit confirmation. It implies a presumption or an assumption made by the court or parties regarding a fact or obligation.
Plain-English Translation
Imagine you are agreeing that something is true just because it seems right, even if no one has officially proven it yet. In law, it means accepting a situation as valid for the purpose of the contract or legal proceeding.