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 West Virginia Certificate of Satisfaction of Stop Notice Claim or Notice to Withhold Funds is a legal document used in the state of West Virginia to release a stop notice claim or notice to withhold funds that has been previously filed. This certificate serves as proof that the stop notice claim or the withholding of funds has been satisfied and is no longer valid. A stop notice claim is a legal tool used by contractors, subcontractors, or suppliers who have provided labor, materials, or services for a construction project but have not been fully paid. By filing a stop notice claim, these parties can assert their right to be paid directly from the project's funds, even if the funds are in the hands of the project owner or a lending institution. The West Virginia Certificate of Satisfaction of Stop Notice Claim is generally issued by the party who filed the original stop notice claim, once they have received full payment for their services rendered. This certificate acts as evidence that the parties involved have resolved their payment disputes and that the stop notice claim has been resolved. In addition to the standard Certificate of Satisfaction of Stop Notice Claim, there are a few variations of this document depending on the specific circumstance: 1. Notice to Withhold Funds: This document is used when a party in control of project funds receives a notice, typically from a contractor, subcontractor, or materials supplier, that they intend to withhold certain funds until a payment dispute is resolved. Once the payment dispute is settled, a Notice to Withhold Funds can be used to release the withheld funds and satisfy the claim. 2. Conditional Certificate of Satisfaction: This variant of the Certificate of Satisfaction is used when a payment dispute is resolved with conditions or partial payment. It indicates that the stop notice claim has been partially satisfied or resolved under specific conditions agreed upon by the parties involved. 3. Unconditional Certificate of Satisfaction: This type of Certificate of Satisfaction is issued when the stop notice claim has been resolved, and no further conditions or payments are required. It signifies a complete resolution of the payment dispute, and all parties are satisfied with the outcome. It is essential to carefully fill out the West Virginia Certificate of Satisfaction of Stop Notice Claim or Notice to Withhold Funds with accurate information to ensure its legality and validity. Parties involved should consult with legal professionals or seek guidance from relevant authorities to handle the filing and resolution of stop notice claims properly.The West Virginia Certificate of Satisfaction of Stop Notice Claim or Notice to Withhold Funds is a legal document used in the state of West Virginia to release a stop notice claim or notice to withhold funds that has been previously filed. This certificate serves as proof that the stop notice claim or the withholding of funds has been satisfied and is no longer valid. A stop notice claim is a legal tool used by contractors, subcontractors, or suppliers who have provided labor, materials, or services for a construction project but have not been fully paid. By filing a stop notice claim, these parties can assert their right to be paid directly from the project's funds, even if the funds are in the hands of the project owner or a lending institution. The West Virginia Certificate of Satisfaction of Stop Notice Claim is generally issued by the party who filed the original stop notice claim, once they have received full payment for their services rendered. This certificate acts as evidence that the parties involved have resolved their payment disputes and that the stop notice claim has been resolved. In addition to the standard Certificate of Satisfaction of Stop Notice Claim, there are a few variations of this document depending on the specific circumstance: 1. Notice to Withhold Funds: This document is used when a party in control of project funds receives a notice, typically from a contractor, subcontractor, or materials supplier, that they intend to withhold certain funds until a payment dispute is resolved. Once the payment dispute is settled, a Notice to Withhold Funds can be used to release the withheld funds and satisfy the claim. 2. Conditional Certificate of Satisfaction: This variant of the Certificate of Satisfaction is used when a payment dispute is resolved with conditions or partial payment. It indicates that the stop notice claim has been partially satisfied or resolved under specific conditions agreed upon by the parties involved. 3. Unconditional Certificate of Satisfaction: This type of Certificate of Satisfaction is issued when the stop notice claim has been resolved, and no further conditions or payments are required. It signifies a complete resolution of the payment dispute, and all parties are satisfied with the outcome. It is essential to carefully fill out the West Virginia Certificate of Satisfaction of Stop Notice Claim or Notice to Withhold Funds with accurate information to ensure its legality and validity. Parties involved should consult with legal professionals or seek guidance from relevant authorities to handle the filing and resolution of stop notice claims properly.
