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Debra, Lawyer
Category: Canada Law
Satisfied Customers: 100977
Experience:  Lawyer
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Retiree Question -In a retiree group benefits settlement

Customer Question

Retiree Question -
In a retiree group benefits settlement / release agreement what does the following paragraph mean,
The facts in respect of which this Agreement is made may prove to be other than or different from the facts in that connection now known or believed by the Parties or either of them to be true, and the Parties and each of them accepts and assumes the risk of the facts being different and covenants and agrees that this Agreement shall be in all respects enforceable and not subject to termination, rescission, or variation by discovery of any difference in facts.
Submitted: 2 years ago.
Category: Canada Law
Expert:  Debra replied 2 years ago.
They are saying that you may later discover something you did not know now or that what you think is correct about some facts may not be but either way, no matter what you later discover, you agree that you cannot sue and this is a final settlement.
Customer: replied 2 years ago.
7 out of 10.
A couple of examples would be useful.
Does the para being questioned apply even if other paras are deliberately misleading.
Expert:  Debra replied 2 years ago.
The paragraph applies if you sign the release. If you don't want to sign it for some reason then you should not. You can cross out what you don't like, and initial the changes and see if the will accept that.