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An employee equipment agreement is a legally binding contract between an employer and an employee concerning the use of company-owned equipment. This agreement establishes the company's expectations regarding the care and handling of equipment by the employee. Key elements include employee permissions and responsibilities, where employees must maintain equipment beyond normal wear and tear and return it upon leaving the company. Additionally, the agreement outlines policies for using company equipment, especially regarding its removal from the workplace to off-site locations. Common office equipment covered under this agreement includes various tools and devices utilized in the workplace.