Common use of California Civil Code Clause in Contracts

California Civil Code. Effective as of the Initial Closing and the giving of the releases described above, the Parties knowingly, voluntarily, and expressly waive and relinquish any and all rights that they may have under Section 1542 of the California Civil Code, or any similar provision or law of any jurisdiction or any similar or analogous principle of common law. California Civil Code Section 1542 provides: A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.

California Civil Code. Effective as of the Initial Closing and the giving of the releases described above, the Parties knowingly, voluntarily, and expressly waive and relinquish any and all rights that they may have under Section 1542 of the California Civil Code, or any similar provision or law of any jurisdiction or any similar or analogous principle of common law. California Civil Code Section 1542 provides: A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.