A Company Equipment Agreement is a legally binding agreement which governs the use of equipment owned or leased by a company, and sets out the responsibilities of each party. This type of agreement covers items such as computers, furniture, vehicles or specialized tools and machinery. It outlines the terms under which each party uses, maintains, repairs and replaces equipment, as well as defining ownership rights and liabilities in the event of an accident, theft or damage. By signing this agreement, you can ensure your company’s employees have a clear understanding of their duties when it comes to operating and caring for the company’s equipment.