A Release is a type of settlement agreement that bars any further recovery beyond the terms stated in the release. This settlement agreement is a contract and it is supported by consideration $-$ legal value and bargained$-$for$-$exchange $-$ as the parties are each giving up something to get something.

You will draft a release based on the following fact pattern. You will complete the release by filling in the brackets on the Release of Claims Project template in the google doc below and submit it on Canvas. Make up any necessary facts $-$ addresses etc. Delete all brackets so that you are submitting a clean, professional contractual document.

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On October $20,2023,$ Lisa V$.($she$/$her$)$ was driving her car in Beverly Hills. She needed to get fresh air and while she was driving, she was listening to the entertainment news on her radio and was very upset by the rumors that were being reported about her. At approximately $7$:$00$ p$.$m$.,$ Lisa went into the intersection at Rodeo Dr$.$ and Sunset Blvd$.$ As she entered the intersection, she collided with another car that was being driven by Brandi G $($she$/$her$).$ Both drivers got out and inspected the cars and took the proper information from each other and left.

It was estimated that there was damage to each car. Brandi had her attorneys contact Lisa after the accident. Lisa was so distraught, she thinks that she went through a red light and caused the accident. She negotiated with Brandi's attorneys and was willing to pay $$4,000$ to make this go away.

Lisa comes to you and asks you if you would write a release for her.Each party understands and acknowledges that the significance and consequence of this

waiver of Section $1542$ of the Civil Code is that even if either party should eventually suffer

additional damages arising out of the above$-$described transaction, $[$he$/$she$/$they$]$ will not be

permitted to make any claim for those damages. Furthermore, both parties acknowledges that

$[$he$/$she$/$they$]$ intend these consequences even as to claims for injury and$/$or damages that

may exist as of the date of this release but which either party does not know exist, and which,

if known, would materially affect either party's decision to execute this release, regardless of

whether either party's lack of knowledge is the result of ignorance, oversight, error,

negligence, or any other cause.

Each party warrants and represents that in executing this release, $[$he$/$she$/$they$]$ have

relied on legal advice from the attorney of his$/$her choice, that the terms of this release and its

consequences have been completely read and explained to each party by their respective

attorney, and that each party fully understands the terms of this release.

Each party further acknowledges and represents that, in executing this release,

$[$he$/$she$/$they$]$ have not relied on any inducements, promises, or representations made by the

opposing party or any party representing or serving the opposing party.

Each party acknowledges and warrants that $[$his$/$her$/$their$]$ execution of this release is free

and voluntary.

This release pertains to a disputed claim and does not constitute an admission of liability

by either party for the above$-$described transaction.

READ THE ABOVE CAREFULLY BEFORE SIGNING