Common use of Incident identification Clause in Contracts

Incident identification. An (unwanted) incident is an event that ▇▇▇▇▇ or reduces the value of an asset. Notice that this is an essential difference between a threat scenario and an incident. By definition, an incident always impacts at least one asset, whereas a threat scenario by itself never impacts an asset, even if it may lead to an incident. Incidents should be placed to the left of the assets.