Responsibility for Theft Clause Samples
The 'Responsibility for Theft' clause defines which party is liable in the event that property or goods are stolen during the course of a contract or transaction. Typically, this clause specifies whether the seller, buyer, or a third party (such as a carrier or storage provider) assumes responsibility for loss due to theft, and may outline any conditions or exceptions, such as requiring reasonable security measures or insurance. Its core function is to allocate risk and clarify liability, thereby preventing disputes and ensuring all parties understand their obligations regarding theft-related losses.
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Responsibility for Theft. If the iPad is stolen, the Parent will be billed the full cost of replacement. Supplemental insurance covers iPad theft as long as a police report is filed. Theft from a vehicle is only covered if the vehicle was secured and there is evidence of forced entry. Supplemental insurance does not cover theft of accessories only, but will cover replacement if stolen with the iPad.
Responsibility for Theft. Tenant assumes any and all responsibility for protecting the Premises from theft, robbery and pilferage, which includes keeping doors locked and other means of entry to the Premises closed.
Responsibility for Theft. Lessee assumes any and all responsibility for protecting the Premises from theft, robbery and pilferage, which includes keeping doors locked and other means of entry to the Premises closed.
Responsibility for Theft. Tenant assumes any and all responsibility for protecting the Premises from theft, robbery and pilferage, which includes keeping doors locked and other means of entry to the Premises closed. Landlord shall not be responsible for lost or stolen property from Tenant's Premises or the Common Area regardless of whether or not such loss occurs when such area is locked against entry.