Definition and meaning
The California Stop Payment Notice Release - Full or Partial - Private Works is a legal document that allows a claimant, such as a subcontractor or supplier, to release their previously issued stop payment notice on a construction project. A stop payment notice is a formal request to suspend payment on a contract until the underlying issues causing the dispute are resolved. This release confirms that the claimant is discharging their rights concerning the original stop payment notice.
How to complete a form
To properly complete the California Stop Payment Notice Release, follow these steps:
- Fill out the owner, direct contractor, and construction lender details in the appropriate sections.
- Provide your name and address as the claimant along with your relationship to the involved parties.
- Specify the date, amount, and recipient of the original stop payment notice.
- Detail the location where work was performed.
- Indicate the amount being released and any balance remaining.
- Sign and date the document, ensuring to print your name and title.
Key components of the form
The California Stop Payment Notice Release includes several key components:
- Owner Information: Name and address of the project owner.
- Claimant Information: Name and relationship to the project.
- Details of the Original Stop Payment Notice: Date issued, amount, and party to whom it was issued.
- Work Location: Address or description of the work location.
- Release Information: Amount of the stop payment notice being released and any remaining balance.
Who should use this form
This form is suitable for contractors, subcontractors, and suppliers who have previously filed a stop payment notice against a construction project and wish to release their claim partially or fully. It helps to clarify the financial obligations and ensure that payments can proceed without the hindrance of unresolved notices.
What documents you may need alongside this one
When completing the California Stop Payment Notice Release, you may require:
- Proof of the original stop payment notice.
- Documentation of any payments received related to the notice.
- Notarization of the release to verify signatures.
- Proof of mailing if sending the document to other parties.
Common mistakes to avoid when using this form
Users should be aware of the following common mistakes when completing the form:
- Failing to provide accurate information regarding the original stop payment notice.
- Leaving out required signatures or dates.
- Not properly detailing the extent of the release, including any remaining balances.
- Neglecting to attach proof of notice declaration or notarization when necessary.
What to expect during notarization or witnessing
When taking the California Stop Payment Notice Release document for notarization, be prepared to:
- Provide valid identification to the notary.
- Sign the document in the presence of the notary, who will verify your identity.
- Receive a notary seal on the document after your signature is confirmed.
- Understand that notarization helps to validate the authenticity of the document as a legally binding agreement.
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