How should I handle an employer's gift?
2 attorney answers
The answer depends primarily on the specific wording of the agreement. To get accurate advice, you'll have to get the agreement reviewed by an employment law attorney (NOT a regular contract lawyer, because agreements involving an employee's compensation have different rules).
Short of that, you need to return equipment to the company. What your boyfriend wants is irrelevant. YOU are the one who would be on the hook if the equipment is sold.
I'm licensed to practice law only in Indiana, and we've never met, so I can't give you "legal" advice. My answer is simply "friendly" advice based on my experience as an attorney in Indiana, my knowledge of federal and common law, and common sense. Even if you are in Indiana, employment law questions are very fact specific, and based on the limited information you provided in your post, I can't give you legal advice, and my answer is intended as general information only. It doesn't create an attorney-client relationship.
The agreement is enforceable. There was an offer, which you accepted and it involved valuable consideration (the equipment). Therefore all of the requirements for a binding contract are in place. Keep the equipment and dump your boyfriend.
This answer is for general information purposes only and is not intended to create an attorney-client relationship. Additional facts are necessary to assure that the answer is entirely accurate. An attorney in your local area should be consulted for a formal legal opinion.