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1802 A clause in an employment agreement by which the employee agreed to arbitrate all claims against the corporate employer and waived all claims arising from the employment agreement, including claims for fraud and wilfull injury, against officers and directors was a limitation of liability rather than an exemption from liability and, as such, did not violate public policy and was enforceable.
FARNHAM v SUPERIOR COURT (Released Directors) 60 CA4 69 [See: CivC 1668; Baker v Suttles 220 CA3 1148; Halliday v Greene 244 CA2 482; Klein v Asgrow 246 CA2 87; Marks v Loral 57 CA4 30, T/AT 9/97; Tunkl v Regents 60 C2 92]
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