Fill and Sign the Employee Equipment Form

Bailment Contract between Employer and Employee Regarding Use of Employer’s Equipment in Order to Work at Home This Bailment Agreement made on the __________________________________ (date) , between ______________________________________ (name of bailee) of ________________________________________________________________________ ________________________________________________________________________ (street address, city, county, state, zip code) , referred to herein as Bailee , and ________________________________________ (name of bailor) , a corporation organized and existing under the laws of the state of ___________________________, with its principal office located at ____________________________________________ ________________________________________________________________________ ____________ (street address, city, county, state, zip code) , referred to herein as Bailor . Whereas, Bailor owns the following described property (the Property ), which has the value and condition stated: Article Value Condition ___________________________ $__________ ________________________ ___________________________ $__________ ________________________ ___________________________ $__________ ________________________ Whereas, Bailor is the employer of Bailee and both parties desire that Bailee have access to the Property for the sole purpose of working on job related matters (sometimes referred to as business purposes ) at Bailee’s home; and Whereas, both parties desire to enter into this bailment agreement with respect to the Property, on the following terms and conditions; Now, therefore, for and in consideration of the mutual covenants contained in this agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. Term of Bailment The term of this Bailment shall commence on the date of this Agreement as stated above and shall terminate on the date Bailee leaves the employ of Bailor. Bailor may demand the return of the Property at any time prior to the expiration of this Agreement on _____days' written notice given to Bailee of Bailor's intention to withdraw the property, and this Agreement shall terminate when the Property has been redelivered to Bailor . 2. Delivery and Acceptance Delivery of the property shall be made to Bailee at _________________________ ________________________________________________________________________ ______________ (street address, city, county, state, zip code) . Acceptance or retention by Bailee of the property shall constitute acknowledgment that the Property was received in the condition described. 3. Conditions of Bailment Bailee shall keep and maintain the property with proper care so that it shall not be injured, and assumes liability for damage or loss from all causes except war, confiscation, order of any government or public authority, or deterioration from natural use. The parties understand and agree that Bailor has established the value of the property. 4. Redelivery of Bailed Property On expiration of the term of this bailment, Bailee shall redeliver the Property to Bailor in a reasonable manner required by Bailor. 5. Failure to Return Property If Bailee fails to return the Property on the date requested by Bailor pursuant to this Agreement, Bailee shall be liable to Bailor for the value of the Property as set forth above, and, to the extent allowed by law, the value of the Property shall be deducted from any wages not yet paid to Bailee by Bailor. 6. Title to Property The property is, and will remain, and at all times shall be deemed to be, the sole and exclusive property of Bailor, and Bailee has no right of ownership in the Property. The Property shall not be transferred or delivered to any other person or corporation without prior written consent or instruction of Bailor. 7. Restrictions on Use of Property The Property will be used exclusively for business purposes. Bailee shall not download any program, data unrelated to business, music, videos, or tools on the Property without the written permission of the Bailor. 8. No Waiver The failure of either party to this Agreement to insist upon the performance of any of the terms and conditions of this Agreement, or the waiver of any breach of any of the terms and conditions of this Agreement, shall not be construed as subsequently waiving any such terms and conditions, but the same shall continue and remain in full force and effect as if no such forbearance or waiver had occurred. 9. Governing Law This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of ______________________________. 10. Notices Any notice provided for or concerning this Agreement shall be in writing and shall be deemed sufficiently given when sent by certified or registered mail if sent to the respective address of each party as set forth at the beginning of this Agreement. 11. Mandatory Arbitration Any dispute under this Agreement shall be required to be resolved by binding arbitration of the parties hereto. If the parties cannot agree on an arbitrator, each party shall select one arbitrator and both arbitrators shall then select a third. The third arbitrator so selected shall arbitrate said dispute. The arbitration shall be governed by the rules of the American Arbitration Association then in force and effect. 12. Entire Agreement This Agreement shall constitute the entire agreement between the parties and any prior understanding or representation of any kind preceding the date of this Agreement shall not be binding upon either party except to the extent incorporated in this Agreement. 13. Modification of Agreement Any modification of this Agreement or additional obligation assumed by either party in connection with this Agreement shall be binding only if placed in writing and signed by each party or an authorized representative of each party. 14. Assignment of Rights The rights of each party under this Agreement are personal to that party and may not be assigned or transferred to any other person, firm, corporation, or other entity without the prior, express, and written consent of the other party. 15. Counterparts This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which together shall constitute but one and the same instrument. WITNESS our signatures as of the day and date first above stated. ____________________________________ (Name of Bailor) ___________________________________ By: ________________________________ (P rinted name of Bailee) ____________________________________ (P rinted Name & Office in Corporation) ___________________________________ ____________________________________ (Signature of Bailee) (Signature of Officer)