Could you explain this clause in layman’s english please:”We hereby expressly renounce1 all and any …

Could you explain this clause in layman’s english please:

“We hereby expressly renounce1 all and any of the benefits arising from the legal exceptions of excussion2 division and cession of actions, which the full force meaning and effect whereof I/we do hereby declare myself/ourselves to be fully acquainted.”

[Source] Click here to view the answer to this question

Tagged with: