Common use of Mistake Clause in Contracts

Mistake. In entering and making this 2nd Settlement Agreement, the Parties assume the risk of any mistake of fact or law. If the Parties, or any of them, should later discover that any fact they relied upon in entering this 2nd Settlement Agreement is not true, or that their understanding of the facts or law was incorrect, the Parties shall not be entitled to set aside this 2nd Settlement Agreement by reason thereof. This 2nd Settlement Agreement is intended to be final and binding upon the Parties regardless of any mistake of fact or law.