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Equipment Use Agreement

This template outlines the terms and conditions for an employee's use of company-owned equipment. It should be used when issuing equipment to staff to ensure proper handling and accountability.

Updated 15d ago
equipment useemployee agreementcompany assetsasset managementIT policyHR document

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Equipment Use Agreement

Equipment Use Agreement

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

AGREEMENT FOR USE OF COMPANY EQUIPMENT

This Equipment Use Agreement ("Agreement") is entered into on this {{date}} by and between {{company_name}} ("the Company") located at {{company_address}}, and the undersigned employee, {{employee_name}} ("the Employee") residing at {{employee_address}}.

1. EQUIPMENT LOANED

The Company hereby loans to the Employee the following equipment (collectively, "the Equipment") for the sole purpose of performing duties on behalf of the Company:

- Item: {{equipment_item_1}}, Serial Number: {{serial_number_1}}, Asset Tag: {{asset_tag_1}}

- Item: {{equipment_item_2}}, Serial Number: {{serial_number_2}}, Asset Tag: {{asset_tag_2}}

- [Add more items as necessary: Item: {{equipment_item_n}}, Serial Number: {{serial_number_n}}, Asset Tag: {{asset_tag_n}}]

The Employee acknowledges receipt of the Equipment in good working order and understands that the Equipment remains the sole property of the Company at all times.

2. PERMITTED USE

The Equipment is provided for business use only and should not be used for personal purposes unless explicitly authorized in writing by the Company. The Employee shall use the Equipment in a responsible manner and in accordance with all Company policies and procedures.

3. EMPLOYEE RESPONSIBILITIES

The Employee agrees to:

a. Exercise due care in the use and handling of the Equipment.

b. Keep the Equipment in a safe and secure location.

c. Immediately report any loss, theft, damage, or malfunction of the Equipment to {{reporting_department}}.

d. Not make any repairs or modifications to the Equipment without prior written authorization from the Company.

e. Follow all manufacturer guidelines and software licensing agreements related to the Equipment.

f. Return the Equipment to the Company upon termination of employment or upon request, in the same condition as received, reasonable wear and tear excepted.

4. MAINTENANCE AND SUPPORT

The Company will be responsible for the maintenance and repair of the Equipment, provided the damage is not a result of the Employee's negligence or misuse. Technical support will be provided by {{support_contact_person_or_department}}.

5. LOSS, DAMAGE, OR THEFT

In the event of loss, theft, or damage to the Equipment due to the Employee's negligence, misuse, or failure to adhere to the terms of this Agreement, the Employee may be held responsible for the cost of repair or replacement of the Equipment at its fair market value.

6. CONFIDENTIALITY AND DATA

The Employee understands that any data or information created, accessed, or stored on the Company Equipment belongs to the Company. The Employee agrees to maintain the confidentiality of all Company data and to comply with the Company's data protection and privacy policies.

7. RETURN OF EQUIPMENT

Upon termination of employment for any reason, or upon the Company's request, the Employee must return all Equipment immediately. Failure to return the Equipment may result in deductions from final paychecks or other legal action deemed necessary by the Company.

8. ACKNOWLEDGMENT

By signing below, the Employee acknowledges that they have read, understood, and agree to abide by the terms and conditions set forth in this Equipment Use Agreement. The Employee also acknowledges receipt of the Equipment listed above in good working condition.

SIGNATURES

___________________________ ___________________________

Employee Signature Date

Printed Name: {{employee_name}}

___________________________ ___________________________

Company Representative Signature Date

Printed Name: {{company_representative_name}}

Title: {{company_representative_title}}

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