Laptop Contract Agreement

With the hand-over of the laptop to me:

If I am an employee: I understand that the laptop is a joint property of the Institute and myself until one year after the date of delivery. During the period of joint ownership with the Institute, authorized staff of the Institute has the right to ask to inspect the laptop within a 48-hour notice period. If I am unable to produce the laptop within this period, then I am liable to pay the Institute a reselling penalty of 5,000 Baht in addition to paying the outstanding amount from my part Should I leave the employment of the Institute before a year after taking delivery, then I agree to pay the outstanding amount from my part before leaving and assume full ownership of the laptop. If I am a student: I understand that the laptop is a joint property of the Institute and myself until the completion of my study program or my 4th enrolled semester, whichever comes earlier. During the period of joint ownership with the Institute, authorized staff of the Institute has the right to ask to inspect the laptop within a 48-hour notice period. If I am unable to produce the laptop within this period, then I am liable to pay the Institute a reselling penalty of 5,000 Baht and to refund the Institute the full amount of the initial subsidy in addition to paying the outstanding amount from my part. Should I leave the Institute before completion of my study program or my 4th enrolled semester, I agree to pay the outstanding amount from my part, refund the Institute the full amount of the initial subsidy and assume full ownership of the laptop. I shall be fully responsible for the laptop in case of loss in the period of joint ownership with the Institute. Windows 7, Office and TrendMicro anti-virus are licensed to AIT. I understand that these software may have to be erased from the laptop when I leave the Institute. A formatting of the hard disk may be necessary.
__________________________________________ __________________________________________

Date:

Employee or Student ID:

Name: __________________________________________ Signature: __________________________________________

Laptop Serial No: __________________________________________ (fill in at delivery)

Verified by: ______________________________________ (Authorized Staff)