DUTIES OF THE CUSTODIAN WITH RESPECT TO PROPERTY OF THE Sample Clauses

The "Duties of the Custodian with Respect to Property" clause defines the responsibilities and obligations of a custodian in handling, safeguarding, and managing property entrusted to them. Typically, this clause outlines the standards of care the custodian must uphold, such as maintaining accurate records, preventing unauthorized access, and ensuring the property is not misused or damaged. Its core practical function is to establish clear expectations for the custodian’s conduct, thereby protecting the interests of the property owner and minimizing the risk of loss or mishandling.