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BRISTOL DRUG COMPANY INC.
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BRISTOL DRUG COMPANY INC.
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Last modified
1/3/2012 3:19:25 PM
Creation date
2/2/2011 9:26:40 AM
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Contracts
Company Name
BRISTOL DRUG COMPANY INC.
Contract #
A-2010-194
Agency
PUBLIC WORKS
Council Approval Date
10/4/2010
Destruction Year
0
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any kind, whether the claim, or any facts on which such claim might be based, is <br />known or unknown to the party possessing the claim. Each party expressly <br />acknowledges and waives any and all rights under Section 1542 of the California <br />Civil Code, which the Parties understand provides as follows: <br />A general release does not extend to claims which the creditor does not know or <br />suspect to exist in his/her favor at the time of executing the release, which if <br />known by him/her must have materially affected his/her settlement with the <br />debtor. <br />Each party acknowledges the foregoing waiver of the provisions of California <br />Civil Code Section 1542 was separately bargained for and expressly consents that <br />this Agreement shall be given full force and effect in accordance with each and all <br />of its express terms and provisions, including those terms and provisions relating <br />to unknown or unsuspected claims, demands and causes of action, if any, to the <br />same effect as those terms and provisions relating to any other claims, demands <br />and causes of action herein above specified. <br />(c) Each party acknowledges that it may hereafter discover facts or law different from <br />or in addition to those which it now believes to be true with respect to the release <br />of claims. Each party agrees that the foregoing release shall be and remain <br />effective in all respects notwithstanding such different or additional facts or law <br />or any party's discovery thereof. The Parties shall not be entitled to any relief in <br />connection therewith, including, but not limited to, any damages or any right or <br />claim to set aside or rescind this Agreement. <br />(d) None of the Parties or their respective agents nor any related entities have made <br />any statement or presentation to the other regarding any fact relied upon in <br />entering into this Agreement and the Parties, and each of them, expressly do not <br />rely upon any statement, representation or promise of any other party or nay <br />party's agent or related entities in executing this Agreement, except as is <br />expressly set forth herein. Each of the Parties has made such investigation of the <br />facts and law pertaining to the subject matter of this Agreement as it deems <br />necessary, and has consulted with legal counsel of its own choosing concerning <br />these matters. <br />(e) Tenant hereby represents and warrants as of the Effective Date of this Agreement <br />that (1) to its actual knowledge, no other entity or person has any right, title, or <br />interest whatsoever in the released claims, and (2) that there has been no <br />assignment, transfer, conveyance or other disposition by Tenant of any of the <br />released claims, and that Tenant will not make any such assignment, transfer, <br />conveyance or other disposition subsequent to the Effective Date of this <br />Agreement. Tenant acknowledges that the Authority has relied and is relying <br />upon such representations and warranties in entering into this Agreement. <br />(f) Tenant will Hold Harmless and defend City, its employees, agents, contractors or <br />representatives from any claims that may arise from Tenant's nondisclosure of <br />3 of 7
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