Common use of Release Extends to Both Known and Unknown Claims Clause in Contracts

Release Extends to Both Known and Unknown Claims. This release covers both claims that you know about and claims you may not know about. You expressly waive all rights afforded by laws regarding a waiver of unknown claims including under California Civil Code §1542, and you do so understanding and acknowledging the significance of such a waiver. Section 1542 states as follows: “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.” You hereby acknowledge that you may hereafter discover facts different from or in addition to those that you now know or believed to be true when you expressly agreed to assume the risk of the possible discovery of additional facts, and you agree that this Agreement will be and remain effective regardless of such additional or different facts. You expressly agree that this Agreement shall be given full force and effect according to each and all of its express terms and provisions, including those relating to unknown or unsuspected claims, demands, causes of action, governmental, regulatory or enforcement actions, charges, obligations, damages, liabilities, and attorneys’ fees and costs, if any, as well as those relating to any other claims, demands, causes of action, obligations, damages, liabilities, charges and attorneys’ fees and costs specified herein.