Terms: arbitration, trade, and British fort evacuation

Both parties agreed that disputes over wartime debts and the Canada–United States border would be sent to arbitration—one of the first major uses of arbitration in modern diplomatic history, setting a precedent for other nations. The treaty was described as surprisingly generous in allowing Americans to trade with Great Britain on a most-favored-nation basis. The British also agreed to vacate their forts in United States territory—six in the Great Lakes region and two at the north end of Lake Champlain—by June 1796, which was done.