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An employee equipment agreement is a legally binding document between an employer and employee concerning the use of company-owned equipment. It outlines the employer's expectations for the employee’s handling of this equipment. Key points include employee permissions and responsibilities, such as the regular maintenance of equipment and the return of items upon leaving the company. The agreement also specifies policies regarding equipment usage, particularly the ability to take equipment off the primary premises. Common office equipment covered under this agreement includes items like computers and other necessary tools for work. The video further details essential inclusions in the agreement.