This is the last time I do an exchange of services.
I've been very tempted (I think we all have) to enter into these agreements. I think it's close to miraculous when there isn't at least some kind of dispute.
All of this started as a handshake agreement that I would do SEO work on their sites. We weren't talking specific dollar amounts or number of hours. Now he's being very hard-nosed about it. And he thinks the value of my SEO time is worth $25 an hour (a "wholesale rate," as he put it), yet the value of his hosting services is worth $400 a month, which is full-tilt retail.
Wow. What an jerk. This would be the reason why even if we do choose to go for an exchange agreement, to contract a value of services rendered so that if one side won't hold up their end, there becomes a monetary value attached to the services rendered.
Thanks for sharing and good luck to you, dickbaker.