An exchange agreement is a formally drafted legal document which is framed between two parties when the first party agrees to provide a certain entity to the second party in return for another entity. These agreements are based upon certain terms and conditions which have to be mutually agreed upon by the involved parties or companies. The exchange of the materials or goods may take place at different times or locations which are specified in the agreement document.
Any exchange agreement must consist of the details such as the names, addresses and phone numbers of the involved parties along with the details of the materials or goods to be exchanged. All important dates of exchange must also be present in exchange agreements so that no scope of any confusion is left in the minds of the parties. Exchange agreements are quite commonly used and are of huge importance as they define the responsibilities of the parties.
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Sample Exchange Agreement
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