This Conditional Waiver and Release Upon Progress Payment form is for use by an individual upon receipt of a payment to release and waive any notice of lien, any private bond right, any claim for payment and any rights under any similar ordinance, rule or statute related to payment rights that he or she has on certain property. This release covers a progress payment for the work, materials or equipment furnished by the lien claimant to the property or to the lien claimant's customer which are the subject of the invoice or payment application, but only to the extent of the payment amount or such portion of the payment amount as the lien claimant is actually paid, and does not cover any retention withheld, any items, modifications or changes pending approval, disputed items and claims, or items furnished that are not paid. The lien claimant warrants that he or she either has already paid or will use the money he or she receives from this progress payment promptly to pay in full all his or her laborers, subcontractors, materialmen and suppliers for all work, materials or equipment that are the subject of this waiver and release.
Las Vegas Nevada Conditional Waiver and Release Upon Progress Payment — Individual is a legal document used in construction projects within the state of Nevada. This waiver serves as a protection for contractors, subcontractors, and suppliers to secure their right to payment for work performed or materials provided. The Las Vegas Nevada Conditional Waiver and Release Upon Progress Payment — Individual document is typically utilized when a partial progress payment is made during the construction process, before the final payment is due. By signing this waiver, the individual agrees to release any lien, claim, or right to file a mechanics lien against the property owner or general contractor for the specific payment amount received. Keywords relevant to Las Vegas Nevada Conditional Waiver and Release Upon Progress Payment — Individual: 1. Las Vegas Nevada: Refers to the specific geographic location within Nevada where this conditional waiver is applicable. It adheres to the laws and regulations of the state. 2. Conditional Waiver and Release: The document serves as a conditional waiver by releasing the right to file a mechanics lien upon receiving a progress payment. It acts as a release form with conditions attached. 3. Progress Payment: The document is related specifically to receiving a partial payment during the construction project's progress. It safeguards the individual's right to payment for the work completed or materials supplied. 4. Individual: This refers to the party signing the document, such as a contractor, subcontractor, or supplier involved in the construction project. This waiver specifically covers individual participants, not organizations or corporate entities. Different types of Las Vegas Nevada Conditional Waiver and Release Upon Progress Payment — Individual: 1. Partial Conditional Waiver and Release: This type of waiver is used when an individual receives a partial payment for work completed or materials supplied during the construction project's progress. It releases the right to file a mechanics lien only for the specific partial payment received. 2. Final Conditional Waiver and Release: This type of waiver is used at the end of a project when the final payment is disbursed. It releases the individual's right to file a mechanics lien upon receiving the final payment, indicating the completion of the project. It's important to note that the exact wording and requirements of these waivers may vary based on the specific forms provided by Nevada state or local authorities. Furthermore, it is always recommended consulting with a legal professional to ensure compliance with the most current regulations and specific requirements within the Las Vegas, Nevada area.Las Vegas Nevada Conditional Waiver and Release Upon Progress Payment — Individual is a legal document used in construction projects within the state of Nevada. This waiver serves as a protection for contractors, subcontractors, and suppliers to secure their right to payment for work performed or materials provided. The Las Vegas Nevada Conditional Waiver and Release Upon Progress Payment — Individual document is typically utilized when a partial progress payment is made during the construction process, before the final payment is due. By signing this waiver, the individual agrees to release any lien, claim, or right to file a mechanics lien against the property owner or general contractor for the specific payment amount received. Keywords relevant to Las Vegas Nevada Conditional Waiver and Release Upon Progress Payment — Individual: 1. Las Vegas Nevada: Refers to the specific geographic location within Nevada where this conditional waiver is applicable. It adheres to the laws and regulations of the state. 2. Conditional Waiver and Release: The document serves as a conditional waiver by releasing the right to file a mechanics lien upon receiving a progress payment. It acts as a release form with conditions attached. 3. Progress Payment: The document is related specifically to receiving a partial payment during the construction project's progress. It safeguards the individual's right to payment for the work completed or materials supplied. 4. Individual: This refers to the party signing the document, such as a contractor, subcontractor, or supplier involved in the construction project. This waiver specifically covers individual participants, not organizations or corporate entities. Different types of Las Vegas Nevada Conditional Waiver and Release Upon Progress Payment — Individual: 1. Partial Conditional Waiver and Release: This type of waiver is used when an individual receives a partial payment for work completed or materials supplied during the construction project's progress. It releases the right to file a mechanics lien only for the specific partial payment received. 2. Final Conditional Waiver and Release: This type of waiver is used at the end of a project when the final payment is disbursed. It releases the individual's right to file a mechanics lien upon receiving the final payment, indicating the completion of the project. It's important to note that the exact wording and requirements of these waivers may vary based on the specific forms provided by Nevada state or local authorities. Furthermore, it is always recommended consulting with a legal professional to ensure compliance with the most current regulations and specific requirements within the Las Vegas, Nevada area.
