The topic of the Exchange had come up in another chat I was in and I got the impression that a lot of information about partners is exchanged once they are selected. I had wondered about a price limit but I understand that isn't a huge concern.
That it is a fun experience and people enjoy the spirit of giving. I have been in other Secret Santa type activities and it can be less than fun, but I believe that this one is different.
In the one I was in through my work there was, but no one really adherred to it, and it isn't so much the cost, but I wouldn't want to disappoint anyone.
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