This affidavit form is used to partially waive or release a lien, right to claim of lien or claim on any bond for labor, material, or services provided in consideration of payment made by the party receiving the services.
Omaha Nebraska Subcontrator Affidavit and Partial Release of Claims and Lien Waiver Related Searches
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Interesting Questions
No, they’re not the same! The subcontractor affidavit confirms completion and payment status, while a lien waiver protects against future claims. Think of them as different tools in your toolbox for managing projects!
If you skip the release of claims, you might face unexpected claims for unpaid work later on. It’s like walking a tightrope without a safety net—risky business!
You typically use a subcontractor affidavit when the subcontractor has finished their work and you want to confirm they’re all set before making further payments. It's like tying up loose ends before moving on!
A partial release of claims means that the subcontractor agrees to release some of their rights to make claims, usually about unpaid work. It’s like saying, 'I’m okay taking this partial payment, and I won't fuss about the rest for now.'