This Unconditional Waiver and Release Upon Progress Payment form is for use by an individual who has been paid and has received a progress payment for all work, materials and equipment he or she furnished to his or her customer for the property to waive and release any notice of lien, any private bond right, any claim for payment and any rights under any similar ordinance, rule or statute related to payment rights that he or she has on the property. This release covers a progress payment for the work, materials and equipment furnished by the lien claimant to the property or to the lien claimant's customer which are the subject of the invoice or payment application, but only to the extent of the payment amount or such portion of the payment amount as the lien claimant is actually paid, and does not cover any retention withheld, any items, modifications or changes pending approval, disputed items and claims, or items furnished that are not paid. The lien claimant warrants that he or she either has already paid or will use the money he or she receives from this progress payment promptly to pay in full all his or her laborers, subcontractors, materialmen and suppliers for all work, materials or equipment that are the subject of this waiver and release.
Las Vegas Nevada Unconditional Waiver and Release Upon Progress Payment — Individual is a legal document used in the construction industry to ensure fair and timely payments. It is an agreement between a contractor or subcontractor and the party responsible for making payments, typically the project owner or general contractor. This waiver serves as proof that the individual releasing the lien rights and claims against the project has received a progress payment for the work or materials they have provided. By signing this document, the individual acknowledges that they have no further claims or rights to demand additional payment for the specified progress milestone. Keywords: Las Vegas Nevada, unconditional waiver and release, progress payment, individual, construction industry, contractor, subcontractor, lien rights, claims, project owner, general contractor, proof, work, materials, milestone. Different types of Las Vegas Nevada Unconditional Waiver and Release Upon Progress Payment — Individual include: 1. Partial Unconditional Waiver and Release Upon Progress Payment — Individual: This type of waiver is used when the individual has received a partial payment for the work done or materials provided. It ensures that the individual releases any claims to the specific amount mentioned in the waiver but retains the right to claim further payments for the remaining balance. 2. Final Unconditional Waiver and Release Upon Progress Payment — Individual: This waiver is utilized when the individual has received the final payment for the completed work or materials. By signing this document, the individual waives all rights to claim further payment and acknowledges that the project has reached its completion. 3. Conditional Waiver and Release Upon Progress Payment — Individual: This waiver is different from the unconditional waiver as it requires the individual to receive the payment before releasing any claims or rights. It serves as a conditional agreement that the individual will release the lien rights and claims upon receipt of the specified progress payment. Keywords: Partial waiver, final waiver, conditional waiver, individual, payment, claims, release, lien rights, completion, progress payment.
