Oceanside Unilateral Release — Release with waiver of California Civil Code Sect. 1542 is a legal document that holds significance in certain legal scenarios. It refers to a specific type of release agreement in the city of Oceanside, California, which includes a waiver provision to comply with California Civil Code Section 1542. California Civil Code Section 1542 is a provision designed to protect individuals from unknowingly waiving their legal rights. It states that a general release does not extend to claims that the releasing party does not know or suspect to exist at the time of executing the release, which, if known, would have materially affected their decision to release the other party. An Oceanside Unilateral Release is a legally binding document designed to absolve one party from liability or claim against another party. This type of release is used in various situations such as: 1. Oceanside Unilateral Release for Personal Injury: This type of release is commonly used when one party is injured due to the negligence or wrongdoing of another party. The injured party may agree to release the responsible party from any liability or claims related to the specific incident. However, California Civil Code Sect. 1542 is invoked to ensure that the injured party is not unknowingly waiving their right to pursue other potential claims they may not be aware of yet. 2. Oceanside Unilateral Release in Business Transactions: This type of release can be utilized in commercial and business contexts. For example, when a business wants to acquire a property or assets from another party, they may require the other party to sign an Oceanside Unilateral Release. This release ensures that the acquiring party is protected from any unknown or undisclosed liabilities related to the property or assets being purchased. 3. Oceanside Unilateral Release for Contractual Agreements: In contractual agreements, parties may include an Oceanside Unilateral Release to protect themselves from potential legal claims. By incorporating this release with a waiver of California Civil Code Sect. 1542, the parties can limit their liability to known claims and avoid being held responsible for unknown claims that may arise in the future. It is crucial to carefully review and understand the terms and implications of an Oceanside Unilateral Release, especially in conjunction with California Civil Code Sect. 1542. Seeking legal advice or consulting with an attorney experienced in California law is highly recommended ensuring that the release is legally binding and does not inadvertently waive any rights or protections.
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.