A Company Property Agreement is a contract that specifies the legal arrangement between a company and an individual, stating that certain property of the company can be used by the individual but must be returned upon request. This agreement outlines the exact terms of the arrangement, including when and how the property may be used, how long the agreement will remain in effect, and what happens if the property is damaged. By signing this agreement, both the company and the individual agree to the outlined terms, safeguarding any potential disputes over property rights and usage.