Managing Risks Sample Clauses
The "Managing Risks" clause outlines the procedures and responsibilities for identifying, assessing, and mitigating potential risks that may arise during the execution of an agreement. It typically requires both parties to actively monitor for foreseeable risks, implement appropriate safeguards, and communicate any significant issues that could impact the contract's objectives. By establishing a clear framework for risk management, this clause helps prevent disputes, minimizes potential losses, and ensures that both parties are prepared to address unexpected challenges effectively.
Managing Risks. The Company will issue a Managing Assurance Statement each year confirming that they have effective risk management strategies in place and have complied with such strategies.
Managing Risks. Each party must:
(a) implement those Measures and Controls for which it is responsible; and
(b) evaluate, test and where appropriate, revise those Measures and Controls.
Managing Risks. Individuals are responsible for working safely on their projects/work and for managing the risks associated with their projects, below is a list of Work Safe guides to be considered (not limited to) that individuals should understand and follow:
i. Assessing risk
ii. Working at heights
iii. Working with silica and products containing silica iv. Storage of chemical in the workplace v. Identifying hazardous manual tasks
Managing Risks. Reputational risk