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A barter agreement facilitates the exchange of goods or services between two parties without using money. This arrangement can be an ongoing business contract or a one-time trade of equal value. The video reviews key information about barter agreements and provides a free official template. Bartering, an even exchange of goods and services, predates money-based transactions and remains legal when conducted properly. Nearly all items and services can be bartered if mutually accepted. This method can be advantageous as it enables individuals to trade unwanted items for those they need. The video also presents examples of when to implement a barter agreement between two parties.