Stockton Unilateral Release — Release with waiver of California Civil Code Sect. 1542 A Stockton Unilateral Release with waiver of California Civil Code Sect. 1542 is a legal document used to release and discharge a party from any known and unknown claims or liabilities that may arise from a specific incident or event. This type of release is commonly used in various business transactions, contracts, and agreements to protect one party from potential legal disputes or claims. California Civil Code Sect. 1542 is a statute that prevents a general release from extinguishing unknown claims, unless the release specifically refers to such claims. By including a waiver of this code section in a unilateral release, the releasing party acknowledges that they are releasing all known and unknown claims, including any potential claims that have not yet been discovered or become known. Types of Stockton Unilateral Release — Release with waiver of California Civil Code Sect. 1542: 1. General Release: A general release with a waiver of California Civil Code Sect. 1542 is a broad release that absolves the releasing party from all known and unknown claims related to a specific incident or event. This type of release is often used in settlement agreements, employment contracts, and waiver forms. 2. Liability Release: A liability release with a waiver of California Civil Code Sect. 1542 is used to release one party from all claims or liabilities arising from a particular activity or event. This type of release is commonly used in sports and recreational activities, where participants may assume certain risks associated with the activity. 3. Indemnity Release: An indemnity release with a waiver of California Civil Code Sect. 1542 is employed to protect one party (the indemnity) from any claims, damages, or losses arising from the actions or omissions of another party (the indemnity). This type of release is frequently used in business contracts and agreements to allocate risk and limit liability. 4. Contractual Release: A contractual release with a waiver of California Civil Code Sect. 1542 is included in contractual agreements to release one party from any claims or liabilities that may arise during the course of the agreement. This type of release is often found in business contracts, lease agreements, and service agreements. In conclusion, a Stockton Unilateral Release with waiver of California Civil Code Sect. 1542 is a legal document used to release and discharge a party from any known and unknown claims or liabilities. It is commonly used in various business transactions and agreements to protect parties from potential legal disputes. The different types of releases include general releases, liability releases, indemnity releases, and contractual releases.
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.