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An employee equipment agreement is a legally binding document between an employer and employee regarding the use of company-owned work equipment. It outlines the employer's expectations for the employee's handling and maintenance of the equipment, as well as the requirement to return it upon leaving the company. The agreement specifies policies for taking equipment off-site, whether to a field location or the employee's home. Additionally, it typically covers common office equipment included under this agreement, emphasizing employee responsibilities for regular maintenance beyond normal wear and tear. In this video, these key aspects will be thoroughly discussed.