Establish barter agreements vendors media etc Bartering Trading or exchanging a good or service for another good or service Ex Posting Fresh Water Companys sign at the event participant registration desk in exchange for bottles of water to give the runners who participate in the event ID: 569575
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Slide1
WF SEM II 3.07
Establish barter agreements
(vendors, media, etc.)Slide2
Bartering
Trading or exchanging a good or service for another good or service.
Ex: Posting Fresh Water Company’s sign at the event participant registration desk in exchange for bottles of water to give the runners who participate in the event.Slide3
Barter Agreement
Agreement between two entities for the exchange of goods or services where both entities gain.
Ex. I will wash your car, if you take me to school for a week.Slide4
Reasons for Barter Agreements
Helps to decrease cost
If you are getting an item at no cost, your overall out of pocket expenses are lower.
Win for both parties involved
Both parties get the desired outcome they want per
the agreement.Slide5
Terms/Considerations in Making a Barter Agreement
Determine what each party has to trade.
Could be one item/service or multiple items/services.
Determine exactly what each party wants to trade the other for.
Only trade for items/services you will actually need/use.
Determine the value of the items/services bartering for.
Make sure they are equal or that
Clearly spell out the terms of the agreement.
Leave nothing for interpretation.
Limited the terms of the agreement.
Don’t make an open ended agreement, keep it to a certain event or timeframe.
Put the agreement in writing and obtain signatures.
Do not settle for a verbal agreement.
Be flexible, but let the
other side
take advantage of you.