oboloo Glossary

Equipment Sign Out Agreement

oboloo Glossary

Equipment Sign Out Agreement

An Equipment Sign Out Agreement is a contract between two parties that outlines the responsibilities and expectations associated with taking equipment off-site. It serves to protect both parties should anything happen to the equipment while it’s in transit or in use away from its original location. The agreement will include information such as how long the company may reasonably expect to have access to the item, details on maintenance and repair, and any safety requirements that must be met while using the equipment. By clearly spelling out each person’s role in this agreement, companies can avoid any complications down the line and ensure smooth operation of their operations.