An Employee Equipment Agreement is a contract between an employer and employee that outlines the specific rules and responsibilities related to the use of equipment provided by the employer. It sets out what is expected of each party with regard to maintenance, repair and replacement of any company-owned items issued to the employee. The agreement also establishes who bears the burden of ownership and how any disputes arising from the use of this equipment should be handled. This document serves as an important safeguard for both parties, creating a legally-binding agreement that can protect both parties in the event of any misunderstandings or disagreements.