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This Act makes provision for agreements between the Government and Indian bands (as defined by the Indian Act) for the purposes of resolving and extinguishing claims asserted by an Indian band and the council of a band against the Government or against the Government and Canada in respect of cut-off lands. "Cut-off lands" means lands that had before 1916 been appropriated by the Government for the use and benefit of Indians (defined in section 1). An agreement: (a) may include provisions for a disposition of land under the Land Act, a transfer of land to Canada in accordance with section 4 or a payment of money, or all or any of them, by the Government in respect of the cut-off lands claims, and (b) must include provisions for the release, discharge and extinguishment of all claims against British Columbia by present and future members of the Indian band and by the council of the band and its successors in respect of cut-off lands.