Safeguarding Assets Clause Samples
The Safeguarding Assets clause establishes requirements and procedures to protect the physical and digital assets involved in a contractual relationship. It typically mandates that parties implement appropriate security measures, such as restricted access, secure storage, and regular audits, to prevent loss, theft, or unauthorized use of assets like equipment, data, or intellectual property. This clause serves to minimize the risk of asset misappropriation or damage, ensuring that all parties uphold their responsibilities in maintaining the integrity and security of valuable resources.
Safeguarding Assets. All participants are responsible for reasonably safeguarding and protecting government issued equipment. The accountability and security of IT resources [See Section I.E.4] extends to your alternate worksite(s), residence, other approved telework location, and/or other areas in which you use, travel with, and store the equipment. When a participant chooses to work at a secondary alternate worksite they are responsible for safely and securely transporting equipment to and from the alternate worksites. Reasonable safeguards must be consistently exercised to ensure that government property is not vulnerable to any negligence or potential criminal activity. When a participant is assigned a piece of equipment, including the Universal Laptop, the participant is responsible for reasonable safeguards of its physical safety, as well as the data stored on it. Suggestions for safeguarding equipment and procedures for reporting lost, stolen, or damaged equipment are available on the USPTO's Asset Management intranet page. Participants will provide property custodians with all information requested to inventory assets and will provide timely notice of equipment changes and issues.
Safeguarding Assets. Company assets must be safeguarded not only against inadvertent loss, but also against intentional misappropriation. Assets include not only cash, fixtures, furniture and equipment, but also merchandise, business and product plans, trade secrets and other proprietary or confidential information and related matters.
Safeguarding Assets. All participants are responsible for reasonably safeguarding and protecting government issued equipment. The accountability and security of IT resources extends to your alternate worksite(s), residence, other approved telework location, and/or other areas in which you use, travel with, and store the equipment. When a participant chooses to work at a secondary alternate worksite they are responsible for safely and securely transporting equipment to and from the alternate worksites. Reasonable safeguards must be consistently exercised to ensure that government property is not vulnerable to any negligence or potential criminal activity. When a participant is assigned a piece of equipment, including the Universal Laptop, the participant is responsible for reasonable safeguards of its physical safety, as well as the data stored on it. Suggestions for safeguarding equipment and procedures for reporting lost, stolen, or damaged equipment are available on the USPTO's Asset Management intranet page. Participants will provide property custodians with all information requested to inventory assets and will provide timely notice of equipment changes and reports.