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Equipment Use Agreement for Employees

An equipment use agreement for employees is used in companies where employees have the opportunity to borrow company equipment. The agreement stipulates the terms and obligations of the employee borrowing the equipment.

  1. Purpose

    • Companies protect themselves from misuse of company equipment by requiring employees who borrow equipment to sign an equipment use agreement. Employees benefit by borrowing equipment for free or at a reduced rate as long as an agreement is signed.

    Uses

    • Equipment use agreements are used when employees borrow any type of company equipment. This includes machinery, computers, office furniture and tools.

    Details

    • An equipment use agreement states the employee's name and date of usage. It lists specifically what equipment the employee is using and when it must be returned. It also states the model number of the equipment and any necessary notes regarding the condition of the equipment. It covers issues regarding misuse of the equipment, maintenance and repair aspects, and any other pertinent issues regarding the use of the equipment.

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