EXHIBIT F - RELEASE OF CLAIMS.pdf
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- Solicitation number
- OP141432
- Issued by
- California
About this file
This is a Release of Claims exhibit document associated with a state and local contract opportunity. The document establishes the legal framework for releasing claims between contracting parties upon completion or termination of contractual obligations. It outlines the conditions under which parties agree to relinquish any claims, demands, or causes of action against one another related to the contract performance. The exhibit specifies that releases may be executed at various stages of the contract lifecycle, including upon final payment, contract completion, or early termination, depending on the circumstances negotiated between the parties involved.
The document contains standard legal provisions requiring that releases be executed in writing and that they supersede any prior agreements or understandings regarding the claims being released. It addresses the scope of claims covered, potential exceptions to the release, and the conditions that must be satisfied before a release becomes effective. The exhibit serves as a protective mechanism for both the government entity and the contractor, clarifying the finality of settlements and preventing future litigation over resolved matters. This type of exhibit is typically included in comprehensive procurement packages to establish clear closure procedures and protect both parties' interests upon contract conclusion.
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Text version
EXHIBIT F - RELEASE OF CLAIMS
Name of Contractor:
Date:
Pursuant to the terms of Contract # [insert Contract number here] (hereinafter the “Contract”) and in consideration of the monies, which are to be paid under the Contract to [insert Contractor’s full legal (hereinafter “Contractor”) or its assignees, if any, the Contractor hereby does remise, release, waive and discharge the Los Angeles County Metropolitan Transportation Authority (hereinafter “LACMTA”), its officers, directors, agents, employees, and Authorized Representatives (as defined in the Contract) of and from all liabilities, obligations, claims and demands whatsoever arising out of or under this Contract, except for those claims specifically reserved with the concurrence of LACMTA and listed here:
Contractor acknowledges that the consideration of monies provided by LACMTA in exchange for this release of claims shall be full and final payment for the amount due exclusive of the specifically reserved claims listed above.
(Note in the case of a corporation, the certificate below must be completed.)
Certificate
I ____________________________, certify that I am the ______________________________ of the corporation named as Contractor herein; that ______________________, who signed said release on behalf of the Contractor was the ________________ of said Corporation; that said release was duly signed for and in behalf of corporation by authority of its governing body and is within the scope of its corporate powers.
Corporate Seal
Signature
| Project Name: Project Name |
| Date: |
| Fillable Field 5: |
| Fillable Field 6: Attestor Name |
| Fillable Field 7: Attestor Title |
| Fillable Field 8: Signatory Name |
| Fillable Field 9: Signatory Title |
| Contractor Name: Contractor Name |
| Contract Number: Contract Number |
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