Common use of INTENTIONS OF THE PARTIES Clause in Contracts

INTENTIONS OF THE PARTIES. It is the intention of the parties that this Agreement be a full and final accord and satisfaction and mutual, general release of any Claims that any of the CTI Releasors or the Unilens Releasors have against any of the Unilens Releasees or the CTI Releasees, respectively. In order to implement a full release of all Claims, each party acknowledges that this Agreement is intended to include in its effect any Claim which it does not know or suspect to exist in its favor that are based on conduct that occurred prior to the Effective Date, that this Agreement contemplates the extinguishing of any such Claim and that the provisions of Sections 5 and 6 shall remain in effect as full releases notwithstanding any discovery of any additional or different facts.