A Standard Clause providing for setoff (also known as set-off or offset) under one or more commercial transactions. Parties (typically, customers and buyers) include this Standard Clause in the payment terms or other provisions of their commercial contract, especially if the parties are engaged in multiple transactions. This Standard Clause addresses setoff of unmatured and unliquidated claims, and addresses setoff as a non-exclusive remedy. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.