Jacksonville Florida Waiver of Right to Claim Against the Payment Bond (Progress Payment) - Individual

• Category: Florida Liens - Construction - Mechanics
• State: Florida
• City: Jacksonville
• Control #: FL-03229
• Format: Word; Rich Text

Description

This Waiver of Right to Claim Against the Payment Bond (Progress Payment) is for use by an individual lienor to waive his or her right to claim against the payment bond for labor, services, or materials furnished through a specific date on a particular job of an owner of property for improvements in consideration of a certain sum of money. The Jacksonville Florida Waiver of Right to Claim Against the Payment Bond (Progress Payment) — Individual is a legal document designed to release a party from any potential claims against the payment bond related to progress payments for a construction project in Jacksonville, Florida. This waiver is specifically intended for individual claimants who have provided labor, materials, or services for the project. The purpose of this waiver is to acknowledge that the claimant has received payment for their work up to a certain point in the project and to waive any future claims against the payment bond for those particular progress payments. By signing this waiver, the individual claimant agrees not to make any claims or file any liens against the payment bond for the specific progress payments covered by the document. It is important to note that there may be different types of Jacksonville Florida Waiver of Right to Claim Against the Payment Bond (Progress Payment) — Individual, which can differ based on the specific provisions and language used in the waiver. Some common types include: 1. Conditional Waiver: This type of waiver becomes effective only after the claimant receives the payment mentioned in the waiver. It is conditioned on the actual receipt of payment. 2. Unconditional Waiver: Unlike the conditional waiver, the unconditional waiver takes effect immediately upon signing, even if the claimant has not yet received payment. By signing this type of waiver, the claimant is relinquishing their right to claim against the payment bond regardless of whether they have been paid or not. 3. Partial Waiver: This type of waiver is often used to waive the right to claim against the payment bond for a specific portion of the progress payment. For example, if the claimant has received 50% of their payment, they may sign a partial waiver to release their right to claim for that specific 50%. 4. Final Waiver: A final waiver is executed when the claimant has received the entire payment owed to them for the project. By signing this type of waiver, the claimant waives their right to claim against the payment bond for all progress payments made throughout the project. These different types of waivers provide flexibility for individual claimants based on their specific circumstances and the progress of their payments. It is crucial for claimants to carefully review and understand the terms and conditions of the waiver before signing it, as it can have significant legal implications. Consulting with an attorney or legal professional experienced in construction law is recommended to ensure full comprehension and protection of rights.

The Jacksonville Florida Waiver of Right to Claim Against the Payment Bond (Progress Payment) — Individual is a legal document designed to release a party from any potential claims against the payment bond related to progress payments for a construction project in Jacksonville, Florida. This waiver is specifically intended for individual claimants who have provided labor, materials, or services for the project. The purpose of this waiver is to acknowledge that the claimant has received payment for their work up to a certain point in the project and to waive any future claims against the payment bond for those particular progress payments. By signing this waiver, the individual claimant agrees not to make any claims or file any liens against the payment bond for the specific progress payments covered by the document. It is important to note that there may be different types of Jacksonville Florida Waiver of Right to Claim Against the Payment Bond (Progress Payment) — Individual, which can differ based on the specific provisions and language used in the waiver. Some common types include: 1. Conditional Waiver: This type of waiver becomes effective only after the claimant receives the payment mentioned in the waiver. It is conditioned on the actual receipt of payment. 2. Unconditional Waiver: Unlike the conditional waiver, the unconditional waiver takes effect immediately upon signing, even if the claimant has not yet received payment. By signing this type of waiver, the claimant is relinquishing their right to claim against the payment bond regardless of whether they have been paid or not. 3. Partial Waiver: This type of waiver is often used to waive the right to claim against the payment bond for a specific portion of the progress payment. For example, if the claimant has received 50% of their payment, they may sign a partial waiver to release their right to claim for that specific 50%. 4. Final Waiver: A final waiver is executed when the claimant has received the entire payment owed to them for the project. By signing this type of waiver, the claimant waives their right to claim against the payment bond for all progress payments made throughout the project. These different types of waivers provide flexibility for individual claimants based on their specific circumstances and the progress of their payments. It is crucial for claimants to carefully review and understand the terms and conditions of the waiver before signing it, as it can have significant legal implications. Consulting with an attorney or legal professional experienced in construction law is recommended to ensure full comprehension and protection of rights.