The emperor was put in immediate possession of the Spanish Netherlands; and the king of Prussia was permitted to retain the high quarters of Guelders.

Finally, the contracting parties agreed that a congress should be opened on the first of May, at Baden in Switzerland, for terminating all differences; and prince Eugene and mareschal de Villars were appointed their first plenipotentiaries.
The ratifications of the treaty between Great Britain and Spain being exchanged, the peace was proclaimed on the first day of March, in London; and the articles were not disagreeable to the English nation.
The kingdoms of France and Spain were separated for ever.

Philip acknowledged the protestant succession, and renounced the pretender.

He agreed to a renewal of the treaty of navigation and commerce concluded in the year one thousand six hundred and sixty seven.

He granted an exclusive privilege to the English for furnishing the Spanish West Indies with negroes, according to the assiento contract.* * The assiento contract stipulated that from the first day of May, 1713, to the first of May, 1743, the company should transport into the West Indies one hundred forty-four thousand negroes, at the rate of four thousand eight hundred negroes a year; and pay for each negro thirty-three pieces of eight and one third, in full for all royal duties.
He ceded Gibraltar to England, as well as the island of Minorca, on condition that the Spanish inhabitants should enjoy their estates and religion.