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A barter agreement is a contract outlining the exchange of goods or services between two parties without using money. It can be either a one-time arrangement or an ongoing business contract, and it enables individuals to trade equal commodities. Bartering, which predates modern currency systems, allows almost any item or service to be exchanged if both parties agree. While less common today, bartering remains legal when conducted correctly. It offers benefits such as trading unwanted items for those that are needed. This video covers essential information about barter agreements and provides a free official template for creating one.