Business
Barter Agreement
Non-monetary exchange contract between parties trading goods or services directly, establishing valuation methods, delivery terms, quality standards, and tax obligations for reciprocal transactions without cash payment.
Key Clauses
1
Description of Exchange
Details the goods or services each party will provide in the barter.
2
Valuation
Establishes the agreed-upon value of each party's contribution for tax and accounting purposes.
3
Delivery and Timeline
Sets deadlines and logistics for when each party must deliver their goods or services.
4
Quality Standards
Defines acceptable quality levels and inspection rights for exchanged items.
5
Tax Obligations
Acknowledges each party's responsibility for reporting barter income to tax authorities.
Use This Template
When You Need This
- Two businesses want to trade services instead of paying cash
- Exchanging professional skills or inventory with another company
- Formalizing a goods-for-services swap to ensure accountability
- Documenting barter transactions for tax compliance