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An employee equipment agreement is a legally binding document between an employer and employee, detailing the use of company-owned work equipment. It outlines the employer's expectations regarding equipment handling and the responsibilities of the employee. Key points include the employee's obligation to maintain equipment and return it upon leaving the company. The agreement also specifies policies for using equipment, particularly concerning taking it off company premises. Common office equipment covered by this agreement includes items like computers and other work tools. The video tutorial will delve deeper into permissions, responsibilities, and necessary details for inclusion in the agreement.