Fullerton Unilateral Release — Release with waiver of California Civil Code Sect. 1542 is a legal document used to release one party from liability or claims made against them by another party. This type of unilateral release often includes a specific waiver of rights under California Civil Code Section 1542, which is an important clause to consider when negotiating or signing such an agreement. The California Civil Code Section 1542 is a provision that states: "A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in their favor at the time of executing the release and that, if known by them, would have materially affected their settlement with the debtor or released party." Essentially, this section ensures that the releasing party is fully aware of the potential claims they may have against the released party and is knowingly waiving those claims. When it comes to Fullerton Unilateral Release — Release with waiver of California Civil Code Sect. 1542, there may be different types or variations based on the specific circumstances or requirements of the parties involved. These variations can include: 1. Fullerton Unilateral Partial Release with waiver of California Civil Code Sect. 1542: This type of release might pertain to situations where the releasing party wishes to release the released party from liability for only certain claims or in specific areas, while still maintaining the potential to pursue other claims if they arise. 2. Fullerton Unilateral General Release with waiver of California Civil Code Sect. 1542: This is a broader release that absolves the released party from liability for all known or unknown claims, including those that may arise in the future. By signing this type of release, the releasing party acknowledges that they fully understand the potential extent of their claims and willingly relinquish their rights under California Civil Code Section 1542. In summary, a Fullerton Unilateral Release — Release with waiver of California Civil Code Sect. 1542 is a legal document used to release one party from liability or claims made against them by another party, with explicit consideration of the provisions of California Civil Code Section 1542. Different types or variations of this release may exist, such as Fullerton Unilateral Partial Release and Fullerton Unilateral General Release, with each offering varying scopes of liability release and potential claim waivers.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.