Common use of California Civil Code Section 1542 Waiver Clause in Contracts

California Civil Code Section 1542 Waiver. I expressly acknowledge and agree that all rights under Section 1542 of the California Civil Code are expressly waived. That section provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE. WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” I waive any right which I have or may have under Section 1542 to the full extent I may lawfully waive such rights pertaining to this General Release.

California Civil Code Section 1542 Waiver. I expressly acknowledge and agree that all rights under I have read Section 1542 of the California Civil Code are expressly waived. That section providesof the State of California, which states in full: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE. , WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” . I hereby waive any right which I have or may have under Section 1542 or any similar statute or regulation of the state in which I reside to the full extent that I may lawfully waive such rights pertaining to this General Releasegeneral release of claims.