A Company Device Agreement is a formal document that outlines the expectations and responsibilities of both employees and employers when it comes to the use of devices. It clarifies what type of devices are approved for use, sets out acceptable usages, guarantees the security of company data, and spells out the consequences of not adhering to the agreement. These agreements ensure that the employee will act responsibly with devices owned by their employer, while protecting the rights of the employer to ensure proper usage and security. By putting everything in writing, companies can ensure that their employees understand their roles and responsibilities before getting their hands on any device.