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A barter agreement documents the exchange of goods or services between two parties without using money. It can be used as an ongoing business contract or a one-time trade of equal commodities. Bartering is an ancient form of trade that predates modern monetary systems. It is legal if done correctly and almost any items or services can be bartered. This can be beneficial as it allows individuals to trade unwanted items for needed ones. Two parties can use a barter agreement to exchange goods and services.