This agreement is used when two parties that are indebted to one another. Pursuant to this agreement, the parties' debts will be "set-off" against one another so that the party with the smaller debt will not owe anything and the party with the larger debt will owe the difference between the two debts.

This form includes special formatting features to assist you in completing the agreement.

This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon.