When two parties decide to put an end to their disagreements and come to an amicable agreement, it is often said that they are "even" or "square." They may also be said to have "settled their differences" or "reached a compromise." Another popular way to describe this is to say that they are "equal in status" or "on equal footing." The term "be quits" itself is also synonymous with "be at peace," "be reconciled," or "be in a truce." Regardless of the phrasing, the end goal remains the same - to move forward with mutual respect and understanding.