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A barter agreement involves the exchange of goods or services without money, used for both ongoing contracts and one-time trades of equal value commodities. Bartering is an ancient practice preceding our current monetary system, where goods and services are exchanged for currency. It is legal when done correctly, allowing for a wide range of items and services to be traded. Barter agreements can be beneficial for trading unwanted items for needed ones. Examples of when to use a barter agreement include exchanging goods and services between two parties. Official templates for barter agreements can be obtained for free.