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a barter agreement documents an exchange of goods or services between two parties without the use of money it's typically used as either an ongoing business contract or a one-time arrangement to trade equal commodities in this video we'll review essential information regarding barter agreements as well as where to get your free official template what is bartering bartering is an even exchange of goods and services that takes place when two parties agree to trade with one another it predates our modern monetary system in which transactions are made by exchanging goods and services for currency and though uncommon bartering is still legal if done correctly almost all items and services can be bartered if both parties accept the terms of the exchange doing so can be beneficial especially since it allows an individual to trade unwanted or unused items for ones that they need with this in mind let's look at some examples of when to use a barter agreement two parties can exchange goods and services of equal value for a number of reasons the most common being hotels providing room accommodations in exchange for a service or good effectively avoiding merchant fees individuals trading use technology items such as phones tablets and computers via internet or social media platforms persons swapping other used items like clothing and vehicles landlords providing a stay for work arrangement on a property teachers helping students in exchange for room and board and medical professionals assisting with health care services for living arrangements do keep in mind to select trustworthy training partners for barter exchanges and do your research on rates before striking a deal moreover since these transactions are taxable it's also recommended to check the bartering guidelines on the irs website now let's conclude by reviewing what is intended in a barter agreement it's a rather simple contract that commonly includes the following details and terms the date when the agreement was made names and mailing addresses of the parties involved the party's offerings and equivalent monetary value of the goods or services whether it's a one-time exchange or an ongoing arrangement the state where the document would be reviewed if challenged any additional terms and conditions and the signatures of all parties involved it's important to mention that this agreement if ongoing can be revoked at a later date by simply giving a termination notice to the other party keep in mind outstanding obligations owed between the parties may remain even after termination bartering is an excellent way for individuals to attain products or services they need without paying money drafting a written agreement allows the parties to avoid any legal disputes and documents the terms of the barter exchange were eforms the largest database of legal documents access your free legally binding barter agreement templates at the link below you