This Unconditional Waiver and Release of Lien Upon Progress Payment form is for use by a lienor, in consideration of a certain sum of money to waive and release his or her lien and right to claim a lien for labor, services or materials furnished through a particular date to a customer on the job of an owner of property.
Manchester New Hampshire Unconditional Waiver and Release of Lien Upon Progress Payment is a legal document used in the construction industry to waive and release any existing or potential lien rights upon receiving a partial payment for work completed. This waiver form is commonly used to ensure smooth progress payments and protect the interests of contractors, subcontractors, and suppliers involved in construction projects. Keywords: Manchester New Hampshire, Unconditional Waiver, Release of Lien, Progress Payment, Construction Industry, Contractors, Subcontractors, Suppliers, Legal Document. There are different types of Manchester New Hampshire Unconditional Waiver and Release of Lien Upon Progress Payment based on the specific situation and the parties involved: 1. Partial Payment Unconditional Waiver and Release of Lien: This type of waiver is typically used when a contractor or subcontractor receives a partial payment for work completed on a construction project. By signing this waiver, they acknowledge receiving the payment and waive any lien rights for the amount paid. 2. Final Payment Unconditional Waiver and Release of Lien: When all the work has been completed and the final payment is made, a final payment waiver is used. This document ensures that all parties involved release any lien rights upon receiving the final payment and signifies the completion of the project. 3. Conditional Lien Waiver and Release: Unlike the unconditional waiver, this type of waiver is used when a contractor or subcontractor agrees to waive lien rights upon receiving payment, subject to specific conditions or terms agreed upon by both parties. These conditions could include the payment being cleared or the check being deposited successfully. 4. Contractor's Waiver and Release of Lien Upon Progress Payment: This type of waiver is specifically for contractors who want to waive their lien rights upon receiving a progress payment from the property owner or general contractor. It protects contractors from any potential claims for the amount paid. 5. Subcontractor's Waiver and Release of Lien Upon Progress Payment: Similar to the contractor's waiver, this type of waiver is specific to subcontractors involved in a construction project. It enables subcontractors to waive their lien rights upon receiving a progress payment from the general contractor or any higher-tier subcontractor, ensuring timely payments and protecting their interests. In conclusion, Manchester New Hampshire Unconditional Waiver and Release of Lien Upon Progress Payment is a crucial legal document in the construction industry. It helps facilitate smooth progress payments, protect the interests of contractors, subcontractors, and suppliers, and ensure the timely completion of construction projects.
