Risk Assessment Clause Samples
A Risk Assessment clause outlines the process by which potential risks associated with a contract, project, or transaction are identified, evaluated, and documented. Typically, this clause requires the parties to systematically analyze possible hazards, estimate their likelihood and impact, and implement measures to mitigate or manage these risks. For example, it may mandate regular risk reviews or the use of specific assessment methodologies. The core function of this clause is to proactively address uncertainties, thereby minimizing potential losses and ensuring that both parties are aware of and prepared for foreseeable challenges.
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Risk Assessment. An assessment of any risks inherent in the work requirements and actions to mitigate these risks.
Risk Assessment. BA shall biennially conduct a thorough assessment of the potential risks to and vulnerabilities of the confidentiality, integrity, and availability of CE’s PHI that BA receives, stores, transmits, or has access to. BA shall provide CE, upon request, with a written report detailing the results of the risk assessment within 5 days.
Risk Assessment. The evaluation of the likelihood of entry, establishment or spread of a pest or disease within the territory of an importing Member according to the sanitary or phytosanitary measures which might be applied, and of the associated potential biological and economic consequences; or the evaluation of the potential for adverse effects on human or animal health arising from the presence of additives, contaminants, toxins or disease-causing organisms in food, beverages or feedstuffs.
Risk Assessment. State Street shall, at least annually, perform risk assessments that are designed to identify material threats (both internal and external) against Client Data, the likelihood of those threats occurring and the impact of those threats upon the State Street organization to evaluate and analyze the appropriate level of information security safeguards (“Risk Assessments”).
Risk Assessment. The process of collecting information from a person about hereditary, lifestyle and environmental factors to determine specific diseases or conditions for which the person is at risk. Rural — An area with a population density of less than 100 individuals per square mile, or an area defined by the most recent United State Census as rural, i.e. lacking a metropolitan statistical area (MSA).
Risk Assessment. The Contractor shall use the Risk Assessment procedure as describe in the CGP Appendix 1.
i. The Standard Risk Assessment includes utilization of the following:
1) Receiving water Assessment Interactive map
2) EPA Rainfall Erosivity Factor Calculator Website
3) Sediment Risk interactive map
4) Sediment sensitive water bodies list
ii. The site-specific Risk Assessment includes the completion of the hand calculated R value Risk Calculator in the Revised Universal Soil Loss Equation (RUSLE).
Risk Assessment. Each Party shall employ risk management systems that enable its customs authorities to concentrate inspection activities on high-risk goods and that facilitate the movement of low-risk goods, including systems which allow for the processing of information regarding an importation prior to the arrival of the imported goods.
Risk Assessment. Upon agreement execution and triennially thereafter, or upon changes that occur which significantly affect the security posture of the system (whichever comes first), BA shall comply and complete CE’s security assessment. Upon receipt of the security assessment, CE will review BA’s responses prior to granting authority to operate, and provide any necessary instruction to ensure the confidentiality, integrity, and availability of CE’s PHI. BA shall triennially, or upon changes that occur which significantly affect the security posture of the system (whichever comes first), review and update CE security assessment, as required, in order to comply with BA’s current system controls. BA must provide an implementation response for each specific system control. Upon receipt of the updated assessment, CE will review the changes to the system for renewal of authority to operate.
Risk Assessment. Without prejudice to Article 5 of the SPS Agreement, the Parties shall endeavor to give due consideration to a request for risk assessment of the other Party.
Risk Assessment. During the term of this Agreement, Subrecipient agrees to provide documents and information to facilitate the Department’s Subrecipient monitoring risk assessment process. Subrecipient further agrees to comply with the requirements, requests, and results of the Department’s risk assessment, including participation in Subrecipient monitoring events.