EXHIBIT F - RELEASE OF CLAIMS.pdf
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- Attached to
- Ford F-550 Chassis-Cab Trucks (6 Units)
- Solicitation number
- DR141000
- Issued by
- California
About this file
This is a Release of Claims form used by the Los Angeles County Metropolitan Transportation Authority (LACMTA) as a standard contract exhibit. The document serves as a legal instrument requiring contractors to release and waive all claims, liabilities, obligations, and demands arising from their contract with LACMTA, except for those claims that are specifically reserved and agreed upon by both parties. The form includes designated spaces for the contractor's name, the contract number, the date of execution, and a detailed section where any exceptions to the release can be listed with LACMTA's written concurrence.
The form establishes that the monies paid by LACMTA under the contract constitute full and final payment for all work performed, excluding only the specifically reserved claims. For corporate contractors, the document requires completion of a certification section that must be signed by an authorized corporate officer, verified with the corporate seal, and attests that the signatory had proper authority from the corporation's governing body to execute the release. This exhibit is a standard risk management tool used to provide LACMTA with protection from future litigation related to contract performance while allowing contractors to preserve rights to specific, pre-identified claims if necessary.
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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 |
File details come from the government source that posted it. Updated .