RESPONSIBILITY FOR ASSETS Clause Samples
The "Responsibility for Assets" clause defines which party is accountable for the care, custody, and control of specific assets during the term of an agreement. It typically outlines the obligations for maintaining, safeguarding, and, if necessary, insuring the assets, whether they are physical property, equipment, or digital resources. This clause ensures that both parties understand who bears the risk of loss or damage, thereby preventing disputes and clarifying liability in the event of an incident involving the assets.
RESPONSIBILITY FOR ASSETS. (1) The Development Corporation shall, during the period of construction, have possession of each building or other work that it constructs or arranges to have constructed and the site of each such building or other work.
(2) Upon completion of a building or other work or separable part thereof which has been constructed on land vested in a State Corporation, the Development Corporation shall give to that State Corporation a Certificate of Practical Completion in respect of the building or work or part thereof as the case may be and thereupon the State Corporation shall, subject to this agreement, become responsible for the building, work or part thereof and its site.
RESPONSIBILITY FOR ASSETS. 3.1.1. The Contractor will ensure that all information assets including but not limited to the University Data are inventoried and those with custody, control or responsibility for those assets, are identified and held clearly accountable for their security.
3.1.2. The Contractor will ensure that it has in place appropriate ‘Acceptable use’ policies, that these are clearly defined, and that all assets, including but not limited to the University Data and all devices on which the University Data has been stored or Processed are returned when Personnel leave employment or engagement of the Contractor or any Third Party.
RESPONSIBILITY FOR ASSETS. People, and Programs Each job requires a certain level of responsibility for students, carrying out the District program, materials, equipment, and/or financial resources. This factor measures the scope and level of responsibility and the level of autonomy or authority to direct one's work or the work of others. Choose the level that best represents the majority of the work for which you or the employee does in this factor by placing an “X”. Additional rationale for the selected level can be written at the bottom of the page by the employee or the supervisor. Employee Rating Supervisor Rating Committee Rating Responsible for processing routine information or materials. Follows established routines and requires limited independent judgment and limited scope of responsibility. A Responsible for a small function, program, or service, or a portion of a larger program within the school district. Exercises independent judgment in consultation with supervisor and/or other employees. B Responsible for a function, program or service that has a direct impact on a large body of individuals within the work site. Exercises a high degree of independent judgment and makes decisions within the scope of the job responsibilities. C Responsible for a district-wide function, program, or service. Exercises a high degree of independent judgment and has the authority to interpret and apply District or school policies and procedures. D
RESPONSIBILITY FOR ASSETS. 8.1.1 Inventory of assets Detailed in the Eight Technology Asset register
8.1.2 Ownership of assets Detailed in the Eight Technology Asset register
8.1.3 Acceptable use of assets Defined in the Eight Technology Information Security Policy
8.1.4 Return of assets Defined in the HR Leavers Policy