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Conditional Vs Unconditional Lien Waiver

State:
Utah
Control #:
UT-11-09
Format:
Word; 
Rich Text
Instant download

Description Conditional Vs Unconditional Waiver

This Conditional Waiver and Release Upon Progress Payment form is for use by an individual lien claimant who is required to execute a waiver and release in exchange for or to induce the payment of a progress billing to provide information, including the property name, the property location and description, the customer, the invoice payment application number, the payment amount, and the payment period. This waiver is effective to release and the lien claimant is considered to waive any notice of lien or right under Utah Code Ann., Title 38, Chapter 1, Mechanics' Liens, or any bond right under Utah Code Ann., Title 14, Contractors' Bonds, or Section 63G-6-505 related to payment rights the lien claimant has on the property once the lien claimant endorses a check in the referenced payment amount payable to the lien claimant, and the check is paid by the depository institution on which it is drawn.

Free preview Difference Between Conditional And Unconditional Waiver
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Conditional Vs Unconditional Lien Waiver