Common use of Release Extends to Both Known and Unknown Claims Clause in Contracts

Release Extends to Both Known and Unknown Claims. This release covers both claims that Holder knows about and those that Holder does not know about. Holder understands the significance of Holder’s release of unknown claims and Holder’s waiver of any statutory protection against a release of unknown claims. Holder expressly waives the protection of any such governmental statutes or regulations. More particularly, and without limitation, Holder acknowledges that Holder has read and is familiar with and understands the provisions of Section 1542 of the California Civil Code, which provides:

Appears in 2 contracts

Sources: Waiver, Release and Warrant Modification Agreement (AuraSound, Inc.), Waiver, Release and Warrant Modification Agreement (AuraSound, Inc.)