subcontractor lien waiver

Subcontractor Lien Waiver

How does lien release work? Here is everything you need to know about a lien waiver. Download the sample subcontractor lien release form now.

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FORMAT:
template file type image
CATEGORY:
Contract Letters
LANGUAGE::
English
TYPE & SIZE:
.docx (0.02 MB)

Overview

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. 

How does lien release work?

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:

  1. Unconditional lien with final payment
  2. Unconditional lien with progressive payment
  3. Conditional lien waiver with final payment
  4. 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 Sub-contractor 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.

PROJECT:

PROJECT OWNER:

CONTRACT #: _ JOB #:

ORIGINAL CONTRACT AMOUNT: $

APPROVED CHANGES: $

FINAL CONTRACT AMOUNT: $

The undersigned Subcontractor has agreed to, and by the receipt of final payment as shown below, full settlement of all billings and invoices against {{Company}} for the total amount of the contract as shown above and:

1. Release and Waiver

The Subcontractor also hereby releases and waives all claims of any kind whatsoever, whether against {{Company}} or the Project Owner in connection with the work performed under this contract.

2. Certification and Indemnification

The Subcontractor hereby certifies that the contractor has paid in full or has otherwise satisfied all obligations for all materials and equipment furnished, for all work, labor, and services performed, and for all known indebtedness and claims against the subcontractor for damages arising in any manner in connection with the performance of this contract for which {{Company}} or the Project Owner might in any way be held responsible, and hereby indemnifies and holds harmless {{Company}} and the Project Owner from and against any damages, losses, costs, and expenses in connection with any claims by the Contractor's subcontractors.

Download this Subcontractor Waiver Release form, it's ready to be used after few amendments. If you like this content, then share it with your friends as well. Provide you valuable suggestions in the comments box. Head to our main site to get some useful daily life content. The sample contractor waiver release form is attached herewith.



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This Lien waiver template is useful!

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Downlaod of this subcontractor lien waiver form is worth it!

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