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A barter agreement documents an exchange of goods or services between two parties without the use of money. It can be used as an ongoing business contract or a one-time arrangement to trade equal commodities. Bartering is an even exchange of goods and services that predates our modern monetary system. Though uncommon, bartering is legal if done correctly and can be advantageous in trading unwanted items for needed ones. Almost all items and services can be bartered if both parties agree.