Inventory
Detailed list of equipment by type, make/model, serial number and accessory items to avoid later disputes and support insurance claims.
A clear written agreement reduces disputes over ownership, maintenance costs, and liability while documenting responsibilities for loss and damage. It supports compliance with company asset policies and evidence of assignment for insurance and audit purposes, and it can be executed electronically consistent with ESIGN (15 U.S.C. ch. 96) and state UETA frameworks.
Organizations that issue workstations commonly formalize custody and care rules to protect assets and reduce risk.
Use this agreement when issuing laptops, docking stations, monitors, mobile hotspots, or other employer-provided computing equipment.
IT Managers or asset custodians sign to confirm issuance terms, required security settings, and return procedures. They are responsible for inventory records, serial number tracking, device imaging standards, and coordinating maintenance or replacement when damage occurs.
The receiving employee or contractor signs to acknowledge receipt, agree to permitted use, and accept liability for loss or damage per the agreement. Signing confirms they will follow security policies, timely report incidents, and return equipment at the end of employment or assignment.
Detailed list of equipment by type, make/model, serial number and accessory items to avoid later disputes and support insurance claims.
Limits personal use, remote access rules, prohibited software, and requirements for data classification and storage on company-managed systems.
Defines who performs repairs, approved vendors, reporting timelines for faults, and procedures for warranty and replacement claims.
Specifies condition on return, acceptable wear, data sanitization steps, and timelines for device handback at termination.
Assigns responsibility for damage or loss, cost recovery methods, and whether insurance or payroll deductions apply.
Mandatory configuration steps (encryption, patching, antivirus), remote wipe authority, and reporting obligations for security incidents.
| Field | Configuration |
|---|---|
| Signer Order | Employee then IT manager |
| Authentication | Email link with SMS code optional |
| Reminders | Auto-reminders at 3 and 7 days |
| Storage Location | Encrypted HR or asset management folder |
Choose platforms and formats that support secure delivery, reliable audit trails, and long-term storage for signed agreements.
Employee reports damage within 48–72 hours
IT assesses repair within 5 business days
Return equipment on final day or within 7 days
Conduct inventory audit annually
File claims within insurer deadlines, often 30–60 days
Employee submits equipment request and justification
Manager and IT approve and assign asset tag
IT images device and hands off to employee
IT inspects device and documents condition on return
| Criteria | Equipment Use Agreement | Loan Agreement |
|---|---|---|
| Purpose | custody & use | transfer of possession |
| Liability | user liability | often borrower liability |
| Term | defined by assignment | defined loan period |
| Security Interest | generally no | often yes |
| 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 |
They formalized device handoff to field agents to ensure return and condition reporting.
The clinic combined device agreements with HIPAA addenda to protect PHI on issued tablets.