Parties
Identify employer and employee by full legal name, job title, department, and primary work location to avoid ambiguity about who is responsible for the equipment.
A written agreement reduces disputes over ownership, repair costs, and acceptable use, and it supports internal controls for inventory, data security, and regulatory compliance such as HIPAA or export controls when applicable.
Employers, HR teams, and IT or asset managers usually prepare the agreement before issuing equipment.
Employees receiving equipment should review, sign, and retain a copy; managers keep the master record in personnel or asset systems.
HR Managers review and store signed agreements, ensure consistency with company policy, and coordinate returns at termination. They confirm that the employee understands payroll deductions for unreturned or damaged equipment and maintain the original signed record in personnel files.
IT Asset Managers record device serial numbers, assign software licenses, set security controls, and verify return condition. They handle remote wipe authority, repair coordination, and recurring inventory audits tied to the agreement terms.
Identify employer and employee by full legal name, job title, department, and primary work location to avoid ambiguity about who is responsible for the equipment.
List make, model, serial number, and accessories for each item issued; attach an inventory schedule or barcode list as an exhibit to ensure exact identification.
Clarify business-only versus limited personal use, prohibitions on resale, and restrictions on installing unauthorized software or removing tracking/MDM tools.
Specify password policies, encryption requirements, remote-wipe consent, and data-handling procedures to meet regulatory obligations like HIPAA where applicable.
Define return timing, acceptable condition standards, inspection process, and repair or replacement cost procedures including payroll deductions if authorized.
Cover employee liability for loss, damage, theft, and third-party claims, and state whether the employer carries insurance or requires reporting to local law enforcement.
| Document Format | PDF or DOCX with locked inventory exhibit |
|---|---|
| Required Fields | Employee name, serials, issue/return dates |
| Authenticator | Email link or SMS code option |
| Automations | Auto-save to HR folder, notify IT |
| Retention Policy | Automated retention per company rules |
Choose an eSignature platform that supports required authentication, audit trails, and secure storage for signed agreements.
Record on date of issuance
Due at end of employment
Report damage within 48–72 hours
Conduct yearly reconciliation
Retention begins at termination
Create agreement and attach inventory before issuing equipment.
Capture signatures and record serials at handoff.
Log incidents and perform periodic audits.
Inspect returned items and finalize records.
A clinic issues tablets for bedside data entry to nurses and includes a HIPAA addendum in the agreement.
A construction firm assigns tools and mobile routers to technicians, with an explicit return policy tied to termination.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day trial | Varies | Varies | Varies | Varies |
| Bulk Send | Yes | Yes | Yes | Yes | Varies |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |