Tool retaining device

1. A tool retaining device comprising:

a strapping material including pliable material which is adapted to be wrapped around a tool to secure the strapping material to the tool, the strapping material forming a sleeve having an annular wall defining a space for elastically receiving therein the tool, the strapping material including a plurality of elongate slots forming elastic bands which facilitate stretching of the strapping material;

the sleeve having two ends securely retained to a mounting lug, the mounting lug having an opening for receiving a fastener, and the mounting lug being securable to the tool by the fastener, the fastener adapted to secure the lug to the tool independent of the strapping material; and

a securement device adapted to be connected to a user and having a slot therein for lockingly receiving the lug, the lug being removably securable to the securement device, the lug being freely rotatable in the slot.

2. The tool retaining device as defined in claim 1 , wherein the lug is removable from the securement device in a first predetermined position and non-removable from the securement device in a second predetermined position.

3. The tool retaining device as defined in claim 1 , wherein the lug is removable from the securement device in any position.

4. The tool retaining device as defined in claim 3 , wherein the strapping material and lug form a tool harness and a tether is secured between the tool harness and the securement device.

5. The tool retaining device as defined in claim 1 , wherein the elongate slots extend in the circumferential direction of the sleeve.

6. The tool retaining device as defined in claim 1 , wherein a cantilevered locking member is movably disposed above the securement device slot, the locking member having a first position extending over the slot to prevent the lug from being removed from the slot and a second position away from the slot to permit the lug to be removed from the slot.

7. The tool retaining device as defined in claim 1 , wherein the strapping material and lug form a tool harness and a tether is secured between the tool harness and the securement device.

8. The tool retaining device as defined in claim 1 , wherein the slot has a non-linear configuration.

9. A tool retaining device comprising:

a strapping material including pliable material which is adapted to be wrapped around a tape measure to secure the strapping material to the tape measure, the strapping material forming a sleeve having an annular wall defining a space for elastically receiving therein the tape measure, the strapping material having two ends securely retained to a mounting lug, the mounting lug being securable to the tape measure by a fastener, wherein the fastener secures the lug to the tape measure independent of the strapping material;

a securement device having a slot therein for receiving the lug, the lug being removably securable to the securement device; and

a locking member including a cantilevered arm movably disposed above the securement device slot, the arm having a protrusion having a first position extending over the slot to prevent the lug from being removed from the slot and a second position away from the slot to permit the lug to be removed from the slot, and wherein the tape measure is freely rotatable with respect to the securement device, and the tape measure having a retractable measuring tape which is extendable from a housing for measuring while the tape measure remains rotatably secured to the user.

10. The tool retaining device as defined in claim 9 , wherein the lug is removable from the securement device in a first predetermined position and non-removable from the securement device in a second predetermined position.

11. The tool retaining device as defined in claim 9 , wherein the lug is removable from the securement device in any position.

12. A tool retaining device comprising:

a tape measure having a housing containing a retractable measuring tape;

a strapping material including pliable material which is adapted to be wrapped around the tape measure to secure the strapping material to the tape measure, the strapping material having an annular wall forming a continuous uninterrupted loop defining a space for elastically receiving therein the tape measure

the strapping material having two ends securely retained to a mounting lug, the mounting lug having an opening for receiving a fastener, and the mounting lug being secured to the tape measure by the fastener, the fastener adapted to secure the lug to the tape measure independent of the strapping material; and

a securement device adapted to be secured to a user, the securement device having a slot therein for lockingly receiving the lug, the lug being removably securable to the securement device, and wherein the tape measure is freely rotatable with respect to the securement device such that the measuring tape is extendable from the housing for measuring while the tape measure is rotatably secured to the user.

13. The tool retaining device as defined in claim 12 , wherein the mounting lug being disposed on the annular wall between a plurality of elongate slots.

14. A method for using a measuring tape compromising:

obtaining a tape measure having a housing containing a retractable measuring tape, and

a strapping material including pliable material which is adapted to be wrapped around the tape measure to secure the strapping material to the tape measure, the strapping material forming a sleeve having an annular wall defining a space for elastically receiving therein the tape measure, the strapping material including a plurality of elongate slots forming elastic bands which facilitate stretching of the strapping material; the sleeve having two ends securely retained to a mounting lug, the mounting lug having an opening for receiving a fastener, and the mounting lug being securable to the tape measure by the fastener, the fastener adapted to secure the lug to the tape measure independent of the strapping material; and a securement device adapted to be connected to a user and having a slot therein for lockingly receiving the lug, the lug being removably securable to the securement device, the lug being freely rotatable in the slot

attaching the securement device to a user;

inserting the mounting lug in the securement device slot wherein the mounting lug is lockingly received in the securement device;

extending the measuring tape from the housing wherein the tape measure rotates relative to the securement device; and

taking a measurement with the measuring tape with the tape measure secured to the user.