A contractor waiver release form is a commonly used business document that depicts the clearance of all charges on the client which are due to be paid to the contractor. This waiver release is a legal doc that is handed over to the client after all dues have been waived and payments have been released to the contractor. A waiver release form is a brief document used for legal purposes that is why it must be written with care. This context includes enough information which you need to know about a contractor waiver release form.
What are the types of lien waivers?
There are two most common types of contractor lien waivers. One is a conditional lien waiver while the other is an unconditional lien waiver release form. These two forms are further classified under the categories of final payment and progressive payment. An unconditional lien waiver can be with final payment as well as progressive payment. The same is the case for the conditional waiver. So, we can list the types as:
- Unconditional lien with final payment
- Unconditional lien with progressive payment
- Conditional lien waiver with final payment
- Conditional lien waiver with progressive payment
These lien waiver forms are usually requested by the client from the contractor so that he knows that the contractor has received all the due payments and the bills have also been cleared.
Sample Unconditional waiver release form:
Making a lien waiver form from scratch can be difficult for a person who does not have much know-how of this form. That is why we are providing you sample lien waiver release forms which you can use after a few edits as per your condition and criteria.
THIS DOCUMENT WAIVES AND RELEASES LIEN, STOP PAYMENT NOTICE, AND PAYMENT BOND RIGHTS THE CLAIMANT HAS FOR ALL LABOR AND SERVICE PROVIDED, AND EQUIPMENT AND MATERIAL DELIVERED, TO THE CUSTOMER ON THIS JOB. RIGHTS BASED UPON LABOR OR SERVICE PROVIDED, OR EQUIPMENT OR MATERIAL DELIVERED, PURSUANT TO A WRITTEN CHANGE ORDER THAT HAS BEEN FULLY EXECUTED BY THE PARTIES PRIOR TO THE DATE THAT THIS DOCUMENT IS SIGNED BY THE CLAIMANT, ARE WAIVED AND RELEASED BY THIS DOCUMENT UNLESS LISTED AS AN EXCEPTION BELOW. THE CLAIMANT HAS BEEN PAID IN FULL.
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