Take definition: Copy, customize, and use instantly.
"Take" refers to the act of acquiring, assuming, or obtaining something, whether it be a physical asset, responsibility, or legal right. It can apply to financial transactions, contractual agreements, and regulatory obligations. The term is commonly used in legal, financial, and business contexts to denote possession, control, or acceptance of specific terms or conditions. Depending on the situation, "take" can signify the voluntary acceptance of an obligation or the enforced acquisition of an asset.
Below are various examples of how "Take" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of “Take” as acquiring possession
This definition establishes "Take" as the act of obtaining ownership or control over something.
"Take" means to acquire possession of an item, asset, or right through purchase, transfer, or other legal means.
Definition of “Take” as assuming responsibility
This definition associates "Take" with accepting obligations or duties.
"Take" refers to the act of assuming responsibility for an action, decision, or contractual duty.
Definition of “Take” as exercising control
This definition ties "Take" to authority and decision-making.
"Take" means to assert control over a situation, entity, or resource through directive actions.
Definition of “Take” as receiving compensation
This definition links "Take" to financial earnings or benefits.
"Take" refers to the amount of revenue, profit, or financial gain received from a transaction or enterprise.
Definition of “Take” as seizing an opportunity
This definition applies "Take" to business and financial prospects.
"Take" means to capitalize on an opportunity by acting on a favorable market condition or strategic advantage.
Definition of “Take” as obtaining legal custody
This definition connects "Take" to legal authority over a person or asset.
"Take" refers to the act of obtaining legal custody or possession of an entity, whether through enforcement or agreement.
Definition of “Take” as deducting an amount
This definition ties "Take" to financial calculations and adjustments.
"Take" means to subtract, withhold, or deduct a specific sum from an account, balance, or total amount.
Definition of “Take” as agreeing to terms
This definition associates "Take" with accepting conditions in a legal or financial agreement.
"Take" refers to the acceptance of terms, provisions, or contractual obligations in a binding arrangement.
Definition of “Take” as engaging in a course of action
This definition links "Take" to decision-making and execution.
"Take" means to proceed with a specific course of action, initiative, or strategic direction.
Definition of “Take” as securing ownership rights
This definition applies "Take" to intellectual property and legal entitlements.
"Take" refers to acquiring ownership rights over an asset, patent, or proprietary interest.
Definition of “Take” as assuming risk
This definition ties "Take" to financial exposure and investment decisions.
"Take" means to assume risk in an investment, business venture, or financial transaction.
Definition of “Take” as initiating a legal claim
This definition connects "Take" to legal proceedings.
"Take" refers to the action of filing a claim or lawsuit to enforce legal rights.
Definition of “Take” as executing an order
This definition links "Take" to fulfilling directives in financial transactions.
"Take" means to carry out an order, instruction, or trade in accordance with an agreement.
Definition of “Take” as withholding a portion
This definition associates "Take" with deductions from financial transactions.
"Take" refers to retaining a percentage of funds, profits, or assets as part of a contractual or regulatory obligation.
Definition of “Take” as accepting liability
This definition applies "Take" to contractual risk and legal responsibility.
"Take" means to assume liability for obligations, debts, or contractual commitments.
Definition of “Take” as acquiring voting power
This definition ties "Take" to shareholder rights and corporate governance.
"Take" refers to the acquisition of voting shares or influence in corporate decision-making.
Definition of “Take” as exercising a contractual option
This definition links "Take" to financial derivatives and contractual rights.
"Take" means to activate an option, right, or privilege under a legal or financial agreement.
Definition of “Take” as procuring goods or services
This definition connects "Take" to procurement and supply chain management.
"Take" refers to the act of obtaining goods, services, or materials through purchase or requisition.
Definition of “Take” as enforcing compliance
This definition associates "Take" with regulatory enforcement.
"Take" means to implement measures to ensure adherence to laws, regulations, or contractual obligations.
Definition of “Take” as acquiring contractual benefits
This definition applies "Take" to entitlements within agreements.
"Take" refers to obtaining benefits, privileges, or rights conferred by a contract or policy.
Definition of “Take” as seizing an asset
This definition ties "Take" to foreclosure and repossession.
"Take" means to legally seize or reclaim an asset due to default or non-compliance.
Definition of “Take” as processing a transaction
This definition connects "Take" to financial exchanges.
"Take" refers to executing or processing a financial transaction, payment, or settlement.
Definition of “Take” as appointing authority
This definition links "Take" to governance and leadership.
"Take" means to assume a position of authority, leadership, or control in an organization.
Definition of “Take” as asserting intellectual property claims
This definition associates "Take" with patent and trademark rights.
"Take" refers to claiming or enforcing ownership over intellectual property or proprietary assets.
Definition of “Take” as securing contractual obligations
This definition applies "Take" to contract enforcement.
"Take" means to ensure fulfillment of contractual terms, obligations, or agreements.
Definition of “Take” as initiating a corporate action
This definition ties "Take" to business strategy.
"Take" refers to the act of implementing a strategic decision or corporate initiative.
Definition of “Take” as issuing a directive
This definition connects "Take" to corporate governance and management.
"Take" means to issue orders, instructions, or mandates within an organizational framework.
Definition of “Take” as negotiating a position
This definition links "Take" to bargaining and contractual discussions.
"Take" refers to adopting a stance or position in a negotiation or dispute resolution.
Definition of “Take” as recognizing revenue
This definition associates "Take" with accounting and financial reporting.
"Take" refers to recording revenue, income, or gains in a financial statement or ledger.
Definition of “Take” as acquiring equity interest
This definition applies "Take" to investments and business ownership.
"Take" means to obtain an ownership stake or equity interest in a company or entity.
Definition of “Take” as initiating enforcement action
This definition ties "Take" to legal and regulatory actions.
"Take" refers to commencing enforcement measures against a party for non-compliance or breach of contract.
Definition of “Take” as accepting a financial obligation
This definition connects "Take" to debt and lending agreements.
"Take" means to assume responsibility for a financial obligation, loan, or liability.
Definition of “Take” as securing partnership rights
This definition links "Take" to business alliances and joint ventures.
"Take" refers to obtaining rights, privileges, or responsibilities within a business partnership or collaboration.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.