Free Barter Agreement Format Template
Barter Agreement Format
This Barter Agreement ("Agreement") is entered into as of [DATE] by and between [PARTY A’S FULL LEGAL NAME], located at [PARTY A’S ADDRESS], and [PARTY B’S FULL LEGAL NAME], located at [PARTY B’S ADDRESS]. Both parties are collectively referred to as the "Parties."
I. PURPOSE
The purpose of this Agreement is to outline the terms and conditions under which the Parties will exchange goods and/or services without the exchange of monetary consideration.
II. DESCRIPTION OF GOODS AND SERVICES
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Party A’s Obligations:
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Party A agrees to provide the following goods and/or services:
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[DESCRIPTION OF GOODS/SERVICES PROVIDED BY PARTY A, INCLUDING QUANTITY, QUALITY, AND DELIVERY TERMS].
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Party B’s Obligations:
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Party B agrees to provide the following goods and/or services:
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[DESCRIPTION OF GOODS/SERVICES PROVIDED BY PARTY B, INCLUDING QUANTITY, QUALITY, AND DELIVERY TERMS].
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III. TERMS AND CONDITIONS
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Exchange Timeline:
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The exchange of goods and/or services will occur on or before [SPECIFIC DATE OR TIMELINE].
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Delivery Method:
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Goods and/or services will be delivered via [SPECIFIC DELIVERY METHOD, E.G., SHIPPING, PICK-UP, ELECTRONIC DELIVERY].
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Inspection Period:
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Each Party will have [NUMBER OF DAYS] to inspect the received goods and/or services and notify the other Party of any issues.
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Warranties:
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Both Parties warrant that their goods and/or services meet the agreed-upon specifications and are free from defects.
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Confidentiality:
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Both Parties agree to keep the terms of this Agreement and any proprietary information exchanged confidential unless disclosure is required by law.
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Dispute Resolution:
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Any disputes arising out of this Agreement will be resolved through [MEDIATION/ARBITRATION/COURT OF LAW, SPECIFY JURISDICTION].
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IV. CONSIDERATION
This Agreement is based on the mutual exchange of goods and/or services, and no monetary payment will be made unless otherwise agreed in writing.
V. REPRESENTATIONS AND WARRANTIES
Each Party represents and warrants that:
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They have the legal right and authority to enter into this Agreement.
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The goods and/or services provided will not violate any laws or third-party rights.
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They will fulfill their obligations in good faith and with reasonable care.
VI. LIMITATION OF LIABILITY
Neither Party will be liable to the other for indirect, incidental, or consequential damages arising out of or related to this Agreement.
VII. TERMINATION
This Agreement may be terminated by either Party:
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Upon mutual written consent of the Parties.
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If a Party fails to fulfill their obligations and does not remedy the breach within [NUMBER OF DAYS] after receiving written notice.
VIII. ENTIRE AGREEMENT
This Agreement constitutes the entire understanding between the Parties regarding the subject matter and supersedes all prior agreements.
IX. GOVERNING LAW
This Agreement will be governed by and construed in accordance with the laws of [STATE/COUNTRY].
X. SIGNATURES
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.
PARTY A
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Name: [PARTY A’S NAME]
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Title: [PARTY A’S TITLE, IF APPLICABLE]
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Signature: ____________________________
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Date: _________________________________
PARTY B
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Name: [PARTY B’S NAME]
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Title: [PARTY B’S TITLE, IF APPLICABLE]
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Signature: ____________________________
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Date: _________________________________
Prepared by: [YOUR NAME]