Acknowledgement Of Company Property Form Template for Philippines

The Acknowledgement of Company Property Form is a crucial document used when organizations in the Philippines issue any company property to their employees for business purposes. This document is essential for maintaining accurate records of company assets and establishing clear accountability. It is designed to comply with Philippine labor laws, particularly the Labor Code of the Philippines and relevant provisions of the Civil Code regarding property custody and responsibility. The form should be completed whenever company property (such as laptops, phones, tools, or vehicles) is issued to an employee, creating a clear record of the transaction and setting expectations for property use and return. It protects both the company's interests by documenting their assets and the employee's interests by clearly stating their responsibilities and obligations.

1. Employee Information: Details of the employee including full name, employee ID, department, and position

2. Property Details: Detailed description of the company property being issued, including make, model, serial numbers, and condition

3. Value Declaration: Stated value of the property for record and accountability purposes

4. Terms of Use: Basic terms and conditions for using the company property, including proper handling and care requirements

5. Return Conditions: Specifications about when and how the property must be returned

6. Employee Responsibilities: Statement of employee's obligations regarding maintenance, security, and proper use of the property

7. Loss or Damage: Procedures and liability in case of damage or loss of the property

8. Acknowledgement Statement: Formal statement confirming receipt and understanding of all terms

9. Signature Block: Space for employee signature, date, and witness signature if required