Equipment Inventory
Itemize each device by make, model, serial number, and accessory so both parties agree on what was issued and the condition at handover.
A formal agreement reduces disputes by documenting device custody, acceptable use, and financial responsibility for loss or damage. It supports security and compliance programs and clarifies payroll or reimbursement treatment where deductions are needed.
Organizations and HR teams use the agreement to manage issued equipment and set policies before devices are assigned.
The document is signed by the employee and an authorized company representative to create enforceable obligations.
HR managers review and approve the agreement as part of onboarding and separation workflows, ensure payroll deductions are lawful, and retain the signed copy in the employee file for the required retention period.
IT administrators record serial numbers, apply security settings, verify return condition at separation, and escalate incidents involving data breach, unauthorized access, or device loss.
Itemize each device by make, model, serial number, and accessory so both parties agree on what was issued and the condition at handover.
Define business use, permitted personal use (if any), network access rules, and software installation restrictions to reduce security and compliance risk.
State password, encryption, patching, and reporting requirements for lost/stolen devices and reference applicable data-protection policies or HIPAA requirements where relevant.
Explain who arranges or pays for repairs, procedures to follow for malfunctions, and timelines for returning devices for service.
Set return timing on separation, condition standards, inspection process, and how cost deductions for damage will be calculated.
Describe financial liability for damage or loss, disciplinary actions, and whether device-related investigations can occur under company policy.
| Signer Order | Single-step or sequential routing depending on whether manager or HR signs first. |
|---|---|
| Authentication | Email link, SMS code, or stronger methods for high-risk devices. |
| Required Attachments | Attach photos of device condition or receipts when issuing high-value equipment. |
| Notifications | Set reminders for unsigned agreements and for upcoming return dates. |
| Template Naming | Use consistent template names to simplify auditing and reporting. |
Use a compliant eSignature platform that supports PDF and DOCX and provides an audit trail for legal enforceability.
Date equipment is delivered and responsibilities begin.
Employee must return device within contract-specified days of termination.
Report lost or stolen devices immediately; require written notice within 24–72 hours.
IT has a set period (for example, 7 business days) to inspect returned equipment.
Annual or semiannual inventory audits recommended for high-value devices.
| 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 free trial | Varies by plan | Varies by plan | Varies by plan | Varies by plan |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |