Abstract: A clip assembly for use in combination with a knife includes a housing; an elongated clip that is sized and configured for congruent receipt in the housing, the elongated clip having a proximal end and a distal end, and the elongated clip being securable to the housing by at least one clip pivot being located in a through hole near the proximal end of the elongated clip and extending the width of the elongated clip; a button spring held against the elongated clip for biasing the elongated clip toward a resting position, and the elongated clip being operational between the resting position and an open position by depressing the distal end of the elongated clip thereby causing the proximal end to pivotally rise; and first and second oppositely disposed access recesses on the housing each being sized and configured for permitting access to the at least one clip pivot when the elongated clip is in the open position for selective removal of the at least one clip pivot, the button spring and the elongated clip.