Common use of California Civil Code § 1542 Clause in Contracts

California Civil Code § 1542. You hereby represent and warrant to the Releasees that you knowingly and intentionally have waived any protection afforded to you by California Civil Code § 1542, which provides: A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor. You further represent and warrant that this Agreement is intended to cover all claims, whether the same are known, unknown or hereafter discovered or ascertained, and the provisions of § 1542 of the California Civil Code are hereby expressly waived.