VIDO ARTUKOVICH AND SON, INC./VIDMAR, INC., A JOINT VENTURE

Home Browse Search

actions, charges or claims of any nature against Defendant related to any of the Released Claims that occurred any time prior to the execution of this Agreement by Plaintiff. 2.2 No Admission of Liability. Plaintiff covenants, warrants and represents that the claims, demands, actions and causes of action affected by the Agreement are disputed by all Parties, and that the Agreement is given in good faith, in full settlement and compromise of all such disputes. Nothing in this Agreement is intended or may be deemed to constitute an admission or concession of liability or other evidence of any wrongdoing or liability on the part of Defendant, and Plaintiff further covenants, warrants and represents that the settlement shall not be construed or interpreted in such manner, and that any such asserted liability is expressly denied by Defendant. 2.3 Release. For and in consideration of the settlement payment amount set forth in Section 3.1, the sufficiency of which the Parties expressly acknowledge, and on behalf of itself and on behalf of its successors and assigns, and each of them, the Parties hereby fully and forever releases and discharges one another, and his past, present and future parents, subsidiaries, affiliates, predecessors, successors, shareholders, officers, directors, employees, insurers, agents, representatives, attorneys and assigns, and each of them, (the "Released Parties") from any and all claims, demands, liabilities, judgments, obligations, suits, actions or causes of action of any kind or nature whether in law or in equity, known or unknown, fixed or contingent, asserted or unasserted, or suspected or unsuspected, which now or hereafter may exist including, but not limited to, in connection with any and all injuries or damages sustained by Plaintiff or Defendant arising out of or relating to the Released Claims or any matters alleged or at issue in the Action. 2.4 Waiver of California Civil Code Section 1542. It is the bargained for intention of the Parties, that the foregoing release shall be effective as a bar to all demands, liens, Page 2 of 6