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An employee equipment agreement is a legally binding contract between an employer and employee regarding the use of company-owned equipment. It defines the employer's expectations for how employees should handle this equipment. Key points include employee permissions and responsibilities, such as the obligation to maintain equipment beyond normal wear and tear and to return it upon leaving the company. The agreement also addresses policies concerning the use of equipment off the premises. Common office equipment typically covered by this agreement includes devices like computers, phones, and other essential tools. The video tutorial will explore these aspects in detail, focusing on what should be included in the agreement.