Barter Agreement Template
Prepared for:
[Client.FirstName][Client.LastName]
[Client.Company]
Created by:
[Sender.FirstName][Sender.LastName]
[Sender.Company]
This agreement is made effective as of [Agreement.Date] for consideration of the bartering of goods between [Sender.FirstName][Sender.LastName] (The Offeror) and [Client.FirstName][Client.LastName] (Offeree) furthermore known as “The Parties”.
Goods
The Offeror has put forth the following goods for consideration:
In exchange for the above mentioned goods the Offeree has produced the following goods for consideration:
Exchange
The exchange of the above mentioned goods shall take place at [Exchange.Location] on [Exchange.Date] as agreed between parties.
Each party states they are freely and legally entering into this barter agreement and will follow the below terms and conditions.
Each party will use the fair market value of the product being offered to determine the product’s cost.
Furthermore, each party agrees to provide additional items or monetary compensation to ensure that the overall exchange of goods is fair and equal.
Each party acknowledges the goods being exchanged through this barter agreement are legal in the United States and they are the rightful owner of those goods. Furthermore, the Parties guarantee that there are no liens or other claims against the property being offered.
The Parties will deliver the goods on the agreed date in working, well kept condition.
Neither of the Parties involved in this barter agreement shall assign any rights to another person without prior written consent during any part of this agreement term.
Term
This barter agreement shall take full effect as of the agreement date and will end upon the exchange of the agreed goods as mentioned in this agreement.
Indemnification
The Parties shall indemnify and hold each other harmless against any claims, losses or costs regarding the breach of any portion of this contract. Any damage or loss associated with the products being bartered shall be borne by the party in possession of the property at the time the damage occurs.
Agreement
By providing signatures below, the Parties acknowledge that they are in full understanding and agreement of the above terms and conditions.
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Barter Agreement Template
Used 5,793 times
AI assistant includedUse this free barter agreement template to create legally binding barter agreements in minutes. Barter agreements cover the exchange of two items (or multiple items) as opposed to the exchange of goods for money. It is fully customizable and can be adapted to contain all the terms of your specific agreement.
FAQ
A barter contract should begin by establishing both parties. From there on, it should discuss the goods that are going to be exchanged, the exchange offer, term, and indemnification. The barter proposal ends with an agreement and an acceptance form, and needs signatures of both parties to be enforceable.
According to law, a barter is a type of transaction of goods and services, without the use of money. To fulfill a bartering agreement, the goods must be delivered to the necessary party, otherwise the right of ownership does not change from one party to another, thereby rendering a barter agreement invalid.
The key rule of a bartering is that a barter transaction must be fair. Aside from that, it is recommended that you make sure (1) your product works well before you exchange it, (2) you don’t con someone, (3) don’t offer to exchange illegal or unethical goods/services, and (4) meet in a public space to ensure safety of both parties.
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