Common use of Capital Assets Clause in Contracts

Capital Assets. All equipment purchased with CKU funds which costs more than USD 300 should be recorded in a fixed asset register., which at al times should be updated. All capital assets must be, as far as possible, adequately insured against theft, loss and damage. 1 Sexual harassment is understood as any kind of unwanted verbal, non-verbal or physical behavior of a sexual nature with the aim or impact that a person’s dignity is violated, especially if it happens in a threatening, hostile, degrading, humiliating or offensive environment. Sexual exploitation is understood as attempts or actual abuse of position of power to exploit a person’s vulnerability for sexual gain. This also applies to relationships where economic, social or political advantage is gained from another person on the basis of sexual exploitation. Sexual abuse can consist of either a threat of or actual physical abuse of a sexual nature.