San Jose Unilateral Release, also known as Release with waiver of California Civil Code Section 1542, is a legally binding document used in the state of California to waive and release any potential legal claims or actions that one party may have against another party. This release is typically used in settlement agreements, contracts, or any situation where one party wants to release the other party from any future claims related to a specific matter or transaction. California Civil Code Section 1542 is a provision that 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 settlement. This means that even if a party signs a release, they may still later discover new claims or information that they were unaware of at the time of signing, and they may have the right to pursue legal actions regarding those newly discovered claims. However, by including a waiver of Section 1542 in the release, the releasing party explicitly acknowledges and agrees that they are waiving any rights they may have under this provision. The San Jose Unilateral Release with waiver of California Civil Code Section 1542 can take different forms depending on the specific situation. For example, it can be used in settlement agreements between individuals or businesses, insurance claims, real estate transactions, employment contracts, or any other situation where one party may want to release the other from future claims. By utilizing this release, the releasing party acknowledges that they have read the agreement carefully, consulted with legal counsel if desired, and fully understand its implications. They voluntarily and willingly agree to release the other party from any claims, known or unknown, arising from the specified matter or transaction. The release typically includes a comprehensive list of potential claims that are being released, such as contractual disputes, personal injury claims, property damage claims, negligence, defamation, or any other legal cause of action. It is important to note that while the San Jose Unilateral Release with waiver of California Civil Code Section 1542 typically provides broad protection against future claims, it may not cover all potential claims or legal situations. It is essential for both parties to carefully review and understand the terms of the release, and if necessary, consult with legal professionals to ensure that it adequately protects their interests and addresses the specific circumstances of their agreement. In summary, the San Jose Unilateral Release with waiver of California Civil Code Section 1542 is a legal document used in various contexts to release one party from any potential claims that the other party may have. By including a waiver of Section 1542, the releasing party acknowledges and agrees to waive any rights they may have under this provision, providing a more comprehensive release.
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.