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An employee equipment agreement is a legally binding contract between an employer and an employee regulating the use of company-owned equipment. It specifies the responsibilities of the employee, such as maintaining the equipment and returning it upon leaving the company. The agreement also addresses the permission to take the equipment offsite, such as to a field location or to the employee's home. Common office equipment covered by this agreement includes computers, phones, printers, and other devices essential for work operations. It is crucial to include these details in the agreement to ensure clarity and compliance.