Common use of Waiver of Section 1542 Clause in Contracts

Waiver of Section 1542. You further understand that as part of the consideration for the release described in this Agreement, you waive the provisions of Section 1542 of the California Civil Code, or any analogous statute from another state. Section 1542 reads 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. It is understood that all rights and benefits afforded by Section 1542 are specifically waived.

Waiver of Section 1542. You further understand also agree that as part of the consideration for the because this release described in this Agreementspecifically covers known and unknown claims, you waive the provisions of your rights under Section 1542 of the California Civil Code, Code or any analogous other comparable statute from another state. Section 1542 reads of any jurisdiction, which states as follows: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THAT THE CREDITOR OR RELEASING PARTY DOES Transition, Separation and Release Agreement | 5 NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASERELEASE AND THAT, WHICH IF KNOWN BY HIM OR HER MUST HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. It is understood that all rights and benefits afforded by Section 1542 are specifically waivedDEBTOR OR RELEASED PARTY.”

Waiver of Section 1542. You further understand also agree that as part of the consideration for the because this release described in this Agreementspecifically covers known and unknown claims, you waive the provisions of your rights under Section 1542 of the California Civil Code, Code or any analogous other comparable statute from another state. Section 1542 reads of any jurisdiction, which states as follows: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASERELEASE AND THAT, WHICH IF KNOWN BY HIM OR HER MUST HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. It is understood that all rights and benefits afforded by Section 1542 are specifically waivedDEBTOR OR RELEASED PARTY.”