Unmanaged Assets Clause Samples

The Unmanaged Assets clause defines which assets are not actively managed or overseen by a party under an agreement. Typically, this clause clarifies that certain assets, such as those not listed in a schedule or not subject to regular monitoring, fall outside the scope of the service provider’s responsibilities. By specifying these exclusions, the clause helps prevent misunderstandings about the extent of asset management duties and limits liability for assets that are not under the provider’s direct control.