Protection and Proper Use of Corporation Assets Sample Clauses
The "Protection and Proper Use of Corporation Assets" clause establishes the obligation for employees, officers, or agents to safeguard and responsibly utilize the company's property and resources. It typically requires individuals to prevent loss, theft, or misuse of physical assets, funds, confidential information, and intellectual property, and may set guidelines for using company equipment only for legitimate business purposes. This clause serves to protect the corporation’s resources from damage or unauthorized use, ensuring assets are preserved for the benefit of the company and its stakeholders.
Protection and Proper Use of Corporation Assets. All employees, officers and directors should protect the Corporation's assets and ensure their efficient use. Theft, carelessness and waste have a direct impact on the Corporation's profitability. All of the Corporation's assets should be used only for legitimate business purposes.