Common use of Plaintiffs’ General Release Clause in Contracts

Plaintiffs’ General Release. Upon entry of the Final Order and Judgment, Plaintiffs Xxxxx Xxxxxxx, Xxxxx X. Xxxxx, and W.T., a minor, by and through Xxxxxxx Xxxx as Guardian ad Litem, in their individual capacities only, and each of their successors, assigns, legatees, heirs, and In addition, Plaintiffs Xxxxx Xxxxxxx, Xxxxx X. Xxxxx, and W.T., a minor, by and through Xxxxxxx Xxxx as Guardian ad Litem, in their individual capacities only, and each of their successors, assigns, legatees, heirs, and personal representatives, expressly waive and relinquish, to the fullest extent permitted by law, the provisions, rights, and benefits of Section 1542 of the California Civil Code, or any other similar provision under federal or state law, which 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.