an exchange of services contract template will guide you through the process of exchanging goods or services with another party.3 min read an exchange of services contract template will guide you through the process of exchanging goods or services with another party. it’s also used when you or your company trade goods or services for work being performed. with an exchange of services contract, the terms clearly state what is being traded and to whom. for goods, the contract outlines the quantity and conditions of the items. when using an exchange of services contract template, note that the items and services involved in a trade can be taxable. for example, if you own a business and use stock to trade for work that a contractor does, you are legally paying the contractor. using an exchange of services contract or a barter agreement is not new. in the past, a handshake was the common way to seal the deal.