This Unconditional Waiver and Release Upon Progress Payment form is for use by an individual or corporation who has been paid and has received a progress payment for labor, services, equipment or material furnished to a sub-contractor or agent on the job of the contractor or general contractor located at the customer's or owner's property, to waive and release any right to a mechanic's lien, stop notice, or any right against a labor and material bond on the job. This release covers a progress payment for labor, services, equipment, or materials furnished to the customer through a specific date only and does not cover any retentions retained before or after the release date, extras furnished before the release date for which payment has not been received or extras or items furnished after the release date. Rights based upon work performed or items furnished under a written change order which has been fully executed by the parties prior to the release date are covered by this release unless specifically reserved by the claimant in this release.
Colorado Springs Colorado Unconditional Waiver and Release Upon Progress Payment
Description
How to fill out Colorado Springs Colorado Unconditional Waiver And Release Upon Progress Payment?
We consistently endeavor to reduce or avert legal repercussions when handling intricate legal or financial matters.
To achieve this, we seek legal counsel services that are often prohibitively expensive.
However, not every legal issue is equally complicated; many can be addressed independently.
US Legal Forms is a digital repository of current do-it-yourself legal documents covering a range of topics from wills and powers of attorney to incorporation articles and dissolution petitions.
Just Log In to your account and click the Get button next to the desired form. If you misplace the form, you can always retrieve it in the My documents section.
- Our library empowers you to manage your own affairs without needing to consult an attorney.
- We offer access to legal form templates that are not always publicly available.
- Our templates are tailored to specific states and regions, greatly simplifying the search.
- Utilize US Legal Forms whenever you require the Colorado Springs Colorado Unconditional Waiver and Release Upon Progress Payment or any other form with ease and security.
Form popularity
FAQ
Conditional Waiver and Release Upon Final Payment Use this form when the claimant is required to sign a waiver and release in exchange for, or in order to, induce a final payment, and the claimant has not yet been paid. This release is only binding if there is evidence of payment to the claimant.
No, Colorado does not require or have statutory forms for lien waivers.
Unconditional Waiver and Release Upon Final Payment Use this form when the claimant is required to sign a waiver and release in exchange for, or in order to, induce a final payment and the claimant asserts in the waiver that he or she has received the final payment.
A conditional lien waiver lists the amount owed during the period, and is effective upon actual receipt of payment. An unconditional lien waiver lists the amount already paid through the waiver's date and is effective immediately upon signing.
A Conditional Contractors Lien Release Form is a legal document basically stating that arrangements have been made to pay the lien by issuing a payment to the lien holder. The lien against the property shall be released only upon the condition that the payment clears the lending or banking institution.
An unconditional release means no restrictions are imposed on the release of the lien. This type of lien release is typically used in final project documents to verify the project completion, payment finalization, and your release of all future rights to file liens on the project.
No, California lien waivers do not need to be notarized, even though it's common for businesses to ask that waivers be notarized.