The right to execute and deliver a stop notice or a notice to withhold funds is a remedy closely related to a mechanic's lien. When a stop notice or a notice to withhold funds is received by an individual or a firm holding the construction funds for a project, the individual or firm must withhold from its disbursements sufficient money to satisfy the stop notice claim. In this form, the claimant is informing the appropriate court clerk that he has settled the claim and is authorizing the court clerk to discharge of record the Stop Notice.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Oklahoma Certificate of Satisfaction of Stop Notice Claim or Notice to Withhold Funds is a legal document specific to the state of Oklahoma. It serves as a means to release the party who has received a stop notice claim or had funds withheld on a construction project from any further obligations or liabilities towards the claimant or party who issued the notice. The certificate of satisfaction is typically utilized in situations where a contractor, subcontractor, or supplier has placed a stop notice claim or notice to withhold funds on a project due to non-payment or other contractual disputes. Upon receiving payment or addressing the dispute, the party who issued the claim can file a certificate of satisfaction to release the recipient from any further obligations. There exist different types of the Oklahoma Certificate of Satisfaction of Stop Notice Claim or Notice to Withhold Funds, most notably: 1. General Certificate of Satisfaction: This certificate is filed by the claimant or party who issued the stop notice claim or notice to withhold funds. It confirms that the dispute has been resolved, payment has been received, or the claim has been otherwise satisfied. 2. Conditional Certificate of Satisfaction: In some cases, a conditional certificate is used when the claimant agrees to release the recipient from the stop notice claim or funds withholding conditions if specific actions or payments are fulfilled within a given timeframe. 3. Partial Certificate of Satisfaction: If only a portion of the stop notice claim or funds withheld has been resolved, a partial certificate is filed to release the recipient from liability for the resolved portion while still maintaining the claim or withholding on the outstanding amount. Keywords: Oklahoma, Certificate of Satisfaction, Stop Notice Claim, Notice to Withhold Funds, legal document, construction project, contractor, subcontractor, supplier, non-payment, contractual disputes, obligations, liabilities, payment, conditional certificate, partial certificate.The Oklahoma Certificate of Satisfaction of Stop Notice Claim or Notice to Withhold Funds is a legal document specific to the state of Oklahoma. It serves as a means to release the party who has received a stop notice claim or had funds withheld on a construction project from any further obligations or liabilities towards the claimant or party who issued the notice. The certificate of satisfaction is typically utilized in situations where a contractor, subcontractor, or supplier has placed a stop notice claim or notice to withhold funds on a project due to non-payment or other contractual disputes. Upon receiving payment or addressing the dispute, the party who issued the claim can file a certificate of satisfaction to release the recipient from any further obligations. There exist different types of the Oklahoma Certificate of Satisfaction of Stop Notice Claim or Notice to Withhold Funds, most notably: 1. General Certificate of Satisfaction: This certificate is filed by the claimant or party who issued the stop notice claim or notice to withhold funds. It confirms that the dispute has been resolved, payment has been received, or the claim has been otherwise satisfied. 2. Conditional Certificate of Satisfaction: In some cases, a conditional certificate is used when the claimant agrees to release the recipient from the stop notice claim or funds withholding conditions if specific actions or payments are fulfilled within a given timeframe. 3. Partial Certificate of Satisfaction: If only a portion of the stop notice claim or funds withheld has been resolved, a partial certificate is filed to release the recipient from liability for the resolved portion while still maintaining the claim or withholding on the outstanding amount. Keywords: Oklahoma, Certificate of Satisfaction, Stop Notice Claim, Notice to Withhold Funds, legal document, construction project, contractor, subcontractor, supplier, non-payment, contractual disputes, obligations, liabilities, payment, conditional certificate, partial certificate.
