Land for peace is a legalistic interpretation of UN Security Council Resolution 242 which has been used as the basis of subsequent Arab-Israeli peace making. The name Land for Peace is derived from the wording of the resolution's first operative paragraph which affirms that peace should include the application of two principles: Withdrawal of Israeli forces (Giving Up Land), and Termination of all claims or states of belligerency (Making Peace). Since the resolution stipulates that both principles should apply, they can be viewed jointly as giving up land for peace, referred to more concisely as 'land for peace'. This interpretation is widely contested because it implies that Israeli withdrawal is linked to its neighbours' willingness to formally make peace. Competing interpretations of the resolution regard Israel as being obligated to withdraw unilaterally from all territories captured in 1967. Operative paragraph 1 of Resolution 242 reads as follows: 1. Affirms that the fulfillment of Charter principles requires the establishment of a just and lasting peace in the Middle East which should include the application of both the following principles: (i) Withdrawal of Israel armed forces from territories occupied in the recent conflict; (ii) Termination of all claims or states of belligerency and respect for and acknowledgement of the sovereignty, territorial integrity and political independence of every State in the area and their right to live in peace within secure and recognized boundaries free from threats or acts of force; In 1976, when Lord Caradon was asked about the concessions the Arab states would have to make to Israel as part of an overall settlement, he said "Well, that's perfectly obvious if you read again the principles of 242, which have been accepted by Egypt, Jordan, Syria and Saudi Arabia, and in effect by Israel. The provision is that if there is an adequate withdrawal, all states in the area must be free to live within secure and recognized boundaries, free from force and threat of force. So it is an acceptance that Israel has a right to exist, just as they would have a right to their homeland, and have a right to exist. This is the essential bargain that we are proposing. It's not a new thing, it's been going since 1967. Peace treaties On 19 June 1967, Israel offered "to give up Sinai and the Golan in exchange for peace," an offer that was rejected in September 1967 by