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An employee equipment agreement is a legally binding agreement between an employer and an employee regarding company-owned work equipment. The agreement outlines the company's expectations of the employee in handling their equipment. Employees are expected to maintain company equipment and return it when leaving the company. The agreement also focuses on policies about using company equipment off-premises. Common office equipment subject to this agreement includes computers, phones, and other devices. The agreement should include details such as the employee's responsibilities and permissions.