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HomeCommercial CodeDiv. 2Ch. 3§ 2303 Risk Allocation Agreements

§ 2303 Risk Allocation Agreements

Commercial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 2303 Risk Allocation Agreements

Key Takeaways

  • •If the law says something is your responsibility unless you agree otherwise, you can change who is responsible.
  • •You can also split the responsibility between people instead of one person taking it all.
  • •This is about making your own rules in a contract, as long as everyone agrees.

Example

You and your friend rent an apartment together. The landlord says you are both responsible for any damage unless you agree otherwise.

You and your friend can make your own agreement. Maybe you decide that you will take care of the living room, and your friend will take care of the kitchen. This way, you split the responsibility instead of both being responsible for everything.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 2303 Risk Allocation Agreements

Where this division allocates a risk or a burden as between the parties “unless otherwise agreed,” the agreement may not only shift the allocation but may also divide the risk or burden. (Enacted by Stats. 1963, Ch. 819.)

Last verified: January 23, 2026

Key Terms

riskburdenunless otherwise agreed

Related Statutes

  • § 1302 Contractual Modification Limits
  • § 10301 Lease Contract Enforcement
  • § 10302 Lease Title And Possession
  • § 10303 Lease Transfer Restrictions
  • § 10304 Subsequent Leasehold Interest Transfer

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Commercial Code. Section 2303.
View Official Source