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CONDITIONAL WAIVER AND RELEASE ON FINAL PAYMENT
NOTICE: THIS DOCUMENT WAIVES THE CLAIMANT'S LIEN, STOP PAYMENT NOTICE, AND PAYMENT BOND RIGHTS EFFECTIVE ON RECEIPT OF PAYMENT. A PERSON SHOULD NOT RELY ON THIS DOCUMENT UNLESS SATISFIED THAT THE CLAIMANT HAS RECEIVED PAYMENT.
Identifying Information
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| Name of Claimant: |
| Name of Customer: |
| Job Location: |
Owner(s): |
Conditional Waiver and Release
This document waives and releases lien, stop payment notice, and payment bond rights the claimant has for 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. This document is effective only on the claimant's receipt of payment from the financial institution on which the following check is drawn:
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| Maker of Check: |
| Amount of Check: $ |
| Check Payable to: |
| Exceptions |
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This document does not affect any of the following: Disputed claims for extras in the amount of: $ |
| Signature |
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| Claimant's Signature: |
| Claimant's Title: |
| Date of Signature: |
What's a California release and waiver (conditional)?
When you work with a contractor, you look forward to the day the work is completed. Once done, the contractor wants to ensure they get paid, and you want to ensure that payment is received and acknowledged. A California release and waiver (conditional) removes any liens on the property once they have been paid in full, with one or more conditions in place to ensure clarity between both parties.Here's the information you'll need to have handy to complete your California release and waiver (conditional):
- Who it's coming from : Have all the contact information for your business ready to include.
- Who it's going to : Know who this document is going to and have the individual or business contact information ready, including the address where the work was done.
- Subject matter : Be able to list payment information, disputed claims, and any exceptions.
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Document payment for partially completed work on your construction project with a California partial release and waiver of liens (conditional) form. Outline the details of the project's progress, obligations of the involved parties, and payment details.
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California Partial Release and Waiver (Unconditional)
Outline the details of the project's progress with a California partial release and waiver of liens (unconditional) form. Define the obligations of the involved parties and payment details.
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California Release and Waiver (Unconditional)
Ensure an easy final payment process and release a contractor from their duties with a California release and waiver of liens form. Handle exceptions and ensure a smooth conclusion of your contract project.
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Continuing Guarantee (Limited Amount)
Safeguard your loan with a continuing guarantee (limited amount) agreement. Obtain a guarantor’s commitment to cover loan repayments when borrowers can't fulfill their monetary commitment.
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