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Service Agreement Information Kit for Funded Organisations

3.7.4 Loss damage and destruction

Disclaimer: this disclaimer must be read in conjunction with the content of this page.

An organisation is responsible for and will bear all risks, expenses and running costs for assets, including any insurance and registration costs.

Where an organisation loses, damages, or destroys any asset (purchased with a specific departmental funding grant) it is to repair or replace the asset. The department may in some circumstances agree in writing that the asset does not need to be repaired or replaced, for example a photocopier that is now outdated.