Business OS
Governance & ComplianceCompany Policies

Equipment Use Agreement

This Equipment Use Agreement outlines the terms and conditions for an employee's use of company-owned equipment outside of the workplace. It is used to ensure proper care, maintenance, and accountability for company assets.

Updated 15d ago
equipmentagreementcompany policyasset managementemployee agreementsouth africa

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

EQUIPMENT USE AGREEMENT

This Equipment Use Agreement (hereinafter referred to as the “Agreement”) is made and entered into on this {{day}} day of {{month}}, {{year}}, by and between {{company_name}} (hereinafter referred to as the “Company”), and {{employee_name}} (hereinafter referred to as the “Employee”).

1. Purpose

The purpose of this Agreement is to define the terms and conditions under which the Company’s equipment may be used by the Employee outside of the Company’s premises.

2. Equipment Details

The Company hereby provides the Employee with the following equipment for business use:

Item: {{equipment_item_1}}, Serial Number: {{serial_number_1}}

Item: {{equipment_item_2}}, Serial Number: {{serial_number_2}}

Any additional equipment provided will be documented and appended to this Agreement.

3. Terms of Use

3.1. The Employee agrees to use the equipment solely for business purposes related to their employment with the Company.

3.2. The Employee shall exercise due care in the use and handling of the equipment and shall take all reasonable precautions to prevent loss, damage, or theft.

3.3. The Employee shall not permit any unauthorized person to use the equipment.

3.4. The Employee shall report any malfunction, damage, loss, or theft of the equipment to their immediate supervisor within {{reporting_period}} of discovery.

3.5. The Employee is responsible for maintaining the confidentiality and security of any Company data or information stored on or accessed through the equipment.

4. Maintenance and Repair

4.1. The Company is responsible for scheduled maintenance and repairs of the equipment.

4.2. The Employee shall not attempt to repair or modify the equipment without prior written authorization from the Company.

5. Return of Equipment

5.1. Upon termination of employment, or upon request by the Company, the Employee shall immediately return all Company-owned equipment in good working order, reasonable wear and tear excepted.

5.2. Failure to return the equipment may result in deductions from the Employee’s final pay check or other legal action to recover the equipment or its value.

6. Liability

6.1. The Employee acknowledges that they may be held liable for the full replacement cost of the equipment if it is lost, stolen, or damaged due to negligence, misuse, or intentional acts.

6.2. The Company assumes no liability for any personal injury, property damage, or other loss arising from the Employee's unauthorized or improper use of the equipment.

7. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of {{country_or_province}}.

8. Acceptance

By signing below, the Employee acknowledges that they have read, understood, and agree to abide by the terms and conditions of this Equipment Use Agreement.

___________________________

Employee Signature

{{employee_name}}

Date: {{date}}

___________________________

Company Representative Signature

{{company_representative_name}}

{{company_representative_title}}

Date: {{date}}

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