Riverside Unilateral Release — Release with Waiver of California Civil Code Sect. 1542: In California, a Riverside Unilateral Release or Release with Waiver of California Civil Code Sect. 1542 refers to a legal document that is commonly used to waive a specific section of the California Civil Code regarding the release of unknown claims. This type of release is typically used in various legal transactions and agreements to ensure that parties involved can avoid potential legal complications. California Civil Code Sect. 1542 states that a general release does not extend to claims that the releasing party is unaware of, which were present at the time of executing the release. However, parties may choose to include a waiver of this specific section in their agreement by using the Riverside Unilateral Release — Release with Waiver of California Civil Code Sect. 1542 to ensure that all potential claims, known or unknown, are released. Different Types of Riverside Unilateral Release — Release with Waiver of California Civil Code Sect. 1542: 1. General Legal Transactions: This type of release is commonly used in general legal transactions, such as settlement agreements, contracts, or releases related to personal injury claims. Parties can include the Riverside Unilateral Release — Release with Waiver of California Civil Code Sect. 1542 clauses to release all known and unknown claims related to the specific transaction. 2. Business Agreements: Riverside Unilateral Release — Release with Waiver of California Civil Code Sect. 1542 can also be incorporated into business agreements, such as mergers and acquisitions, partnerships, or contracts involving intellectual property. Parties involved may decide to waive potential claims that may arise in the future, even if they are currently unaware of their existence. 3. Real Estate Transactions: In real estate transactions, such as property sales, leases, or rental agreements, the Riverside Unilateral Release — Release with Waiver of California Civil Code Sect. 1542 can be used to release potential claims that may arise after the completion of the transaction. This ensures that all parties are protected from unknown claims related to the property. 4. Employment Contracts: Companies or employers may use Riverside Unilateral Release — Release with Waiver of California Civil Code Sect. 1542 in employment contracts to safeguard themselves from any unknown claims made by the employees. By incorporating this release, the employer ensures that the employee cannot bring any undisclosed claims against them in the future. Ultimately, the Riverside Unilateral Release — Release with Waiver of California Civil Code Sect. 1542 provides a legal mechanism for parties to protect themselves from potential unknown claims. It allows individuals to release any potential claims that might surface in the future, granting both parties' peace of mind and finality in their transactions or agreements.
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.