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A barter agreement documents the exchange of goods or services between two parties without using money. It can be an ongoing contract or a one-time arrangement for equal commodities. The video discusses essential information about barter agreements and provides a free official template. Bartering, which predates modern currency, involves an even trade agreed upon by both parties. Though less common now, it's still legal if conducted properly, allowing individuals to exchange unwanted items for needed ones. The video also highlights situations where a barter agreement may be useful for parties looking to trade goods or services.
