Property Protection. 1. Party A may station security persons in order to manage and monitor the lobby, corridor and any other common areas. 2. Party B shall be responsible for managing and monitoring the area of operation and Party B’s own properties. Party A shall not be responsible for any incidents, including but not limited to fire and theft, occurring in the area of operation which lies with Party B’s responsibility. 3. All these risks shall be fully covered by Party B’s insurance coverage at Party B’s own costs.
Appears in 2 contracts
Sources: Contract for Integrated F&b Service Provider, Contract for Integrated F&b Service Provider