I understand that this equipment is company-owned and I am using it for work-related purposes. I understand that I am responsible for the care and will maintainance of the equipment. In case that the equipment is in any case damaged, lost, stolen, while outside the office premises, I shall be responsible for its cost for its replacement. In case the equipment gets broken due to wear and tear, I shall have it inspected with the company's tech department as soon as possible.
I understand that upon termination of my employent, I shall surrender and turn over the equiment back to the company. I have an option to purchase the equiment from the company upon due notice. In absence of notice, the company has the right to withhold my final pay unil return of the equipment or that notice has been given.
By signing this Agreement, I acknowledge that I have received the office equipment described above in working order and I conform to the terms and conditions for the use of said equipment.