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A barter agreement documents the exchange of goods or services between two parties without using money. It's typically utilized as a one-time arrangement or an ongoing business contract for trading equal commodities. This video reviews essential information about barter agreements and provides a free official template. Bartering involves an even exchange and predates our modern monetary system. While uncommon, bartering remains legal if done correctly and can include almost all items and services if both parties agree to the terms. This approach can benefit individuals by allowing the trade of unwanted items for those they need. The video also presents examples of when to use a barter agreement.