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.
In North Las Vegas, Nevada, a conditional waiver and release upon progress payment is a legal document used in the construction industry to protect the rights and interests of individual contractors or suppliers. This waiver serves as a contractual agreement between parties involved in a construction project, ensuring that progress payments are made promptly and fairly. A conditional waiver and release upon progress payment is specifically used when a partial payment is made to the contractor or supplier during the construction process. The waiver serves as proof of receipt of payment and a release of any potential claims or liens against the property, up to the specified payment amount received. Keywords: North Las Vegas, Nevada, conditional waiver and release, progress payment, individual, construction industry, contractors, suppliers, contractual agreement, construction project, partial payment, proof of receipt, claims, liens. Different types of North Las Vegas Nevada Conditional Waiver and Release Upon Progress Payment — Individual may include: 1. Standard Conditional Waiver and Release: This type of waiver is used when a general contractor or subcontractor receives a partial payment for work performed or materials supplied. It releases the right to file a lien or claim against the property for the specific amount received. 2. Conditional Waiver and Release with Reservation of Rights: This waiver is used when the individual contractor or supplier wants to release their lien rights for a progress payment but reserves the right to make further claims for any outstanding balances or issues in the future. 3. Conditional Waiver and Release Upon Final Payment: This type of waiver is used when the final payment is made to the individual contractor or supplier. It releases all lien rights and claims against the property upon receiving the full payment amount. 4. Conditional Waiver and Release of Liens — Conditional Only: This waiver is used when an individual contractor or supplier wants to provide proof of progress payment received, but reserves the right to file a lien or claim against the property for any additional unpaid amounts. Keywords: Standard Conditional Waiver, Release with Reservation of Rights, Conditional Waiver Upon Final Payment, Conditional Waiver of Liens — Conditional Only, North Las Vegas, Nevada, progress payment, individual contractor, supplier, lien rights, claims, final payment.In North Las Vegas, Nevada, a conditional waiver and release upon progress payment is a legal document used in the construction industry to protect the rights and interests of individual contractors or suppliers. This waiver serves as a contractual agreement between parties involved in a construction project, ensuring that progress payments are made promptly and fairly. A conditional waiver and release upon progress payment is specifically used when a partial payment is made to the contractor or supplier during the construction process. The waiver serves as proof of receipt of payment and a release of any potential claims or liens against the property, up to the specified payment amount received. Keywords: North Las Vegas, Nevada, conditional waiver and release, progress payment, individual, construction industry, contractors, suppliers, contractual agreement, construction project, partial payment, proof of receipt, claims, liens. Different types of North Las Vegas Nevada Conditional Waiver and Release Upon Progress Payment — Individual may include: 1. Standard Conditional Waiver and Release: This type of waiver is used when a general contractor or subcontractor receives a partial payment for work performed or materials supplied. It releases the right to file a lien or claim against the property for the specific amount received. 2. Conditional Waiver and Release with Reservation of Rights: This waiver is used when the individual contractor or supplier wants to release their lien rights for a progress payment but reserves the right to make further claims for any outstanding balances or issues in the future. 3. Conditional Waiver and Release Upon Final Payment: This type of waiver is used when the final payment is made to the individual contractor or supplier. It releases all lien rights and claims against the property upon receiving the full payment amount. 4. Conditional Waiver and Release of Liens — Conditional Only: This waiver is used when an individual contractor or supplier wants to provide proof of progress payment received, but reserves the right to file a lien or claim against the property for any additional unpaid amounts. Keywords: Standard Conditional Waiver, Release with Reservation of Rights, Conditional Waiver Upon Final Payment, Conditional Waiver of Liens — Conditional Only, North Las Vegas, Nevada, progress payment, individual contractor, supplier, lien rights, claims, final payment.
