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.GENERAL RELEASE OF EXISTING CLAIMS

$[$BRANDI GLANVILLE street address$],[$city and state$],$ hereinafter referred to as "Brandi," and

LISA VANDERPUMP, $[$street address$],[$city and state$],$ hereinafter referred to as "Lisa" in

consideration of the promises made herein, agree as follows:

$[$You must put in a legally accurate description of the event. Remember, date, time,

location and any other identifying information as to the incident.$]$

Brandi, on behalf of $[$himself$/$herself$/$their selves$],[$his$/$her$/$their$]$ heirs, executors,

administrators, and assigns, and in consideration of $$.$ Jaid to $[$him$/$her$/$them$]$ by

Lisa, hereby fully releases Lisa, $[$his$/$her$/$their$]$ successors, and all other persons and

associations, known or unknown, from all claims and causes of action by reason of any

injury and$/$or damage which has been sustained, or may be sustained, as a result of the

above$-$described transaction.

Lisa on behalf of $[$himself$/$herself$/$their selves$],[$his$/$her$/$their$]$ heirs, executors,

administrators, and assigns, and in consideration of paying $ to Brandi, hereby

fully releases Brandi, $[$his$/$her$/$their$]$ successors, and all other persons and associations,

known or unknown, from all claims and causes of action by reason of any injury and$/$or

damage which has been sustained, or may be sustained, as a result of the above$-$described

transaction.

Each party acknowledges and agrees that this release applies to all claims that each party

may have against the other party arising out of the above$-$described transaction for injuries,

damages, or losses to the other party's person and property, real or personal, whether those

injuries, damages, or losses are known or unknown, foreseen or unforeseen, or patent or

latent.

Each party certifies that $[$he$/$she$/$they$]$ have read Section $1542$ of the Civil Code, set out

below, and indicates that fact by signing $[$his$/$her$]$ initials here:

"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."

Each party hereby waives application of Section $1542$ of the Civil Code.