This Unconditional Waiver and Release Upon Progress Payment form is for use by an individual who has been paid and has received a progress payment for all work, materials and equipment he or she furnished to his or her customer for the property to waive and release 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 the property. This release covers a progress payment for the work, materials and 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.
Clark Nevada Unconditional Waiver and Release Upon Progress Payment — Individual is a legal document used in the construction industry to formalize the release of a claimant's right to file a lien on a property after receiving a progress payment. This waiver is specific to the state of Nevada and applies to individuals involved in construction projects as contractors, subcontractors, or suppliers. The Clark Nevada Unconditional Waiver and Release Upon Progress Payment — Individual serves as a binding agreement between the claimant and the property owner or general contractor. By signing this waiver, the claimant acknowledges that they have received a partial payment for work performed or materials supplied and agrees to waive their right to file a lien for that specific amount. This waiver operates on the principle of "progress payment," meaning it is issued after a payment is made while the construction project is still ongoing. It is important to note that there may be different types of Clark Nevada Unconditional Waiver and Release Upon Progress Payment — Individual, depending on the specific circumstances and the parties involved. These types may include: 1. Conditional Waiver and Release Upon Progress Payment — Individual: This type of waiver and release is conditional, meaning it is contingent upon the actual receipt of the progress payment by the claimant. Once the payment has been verified, the claimant can sign this waiver. 2. Unconditional Waiver and Release Upon Progress Payment — Individual: In contrast to the conditional waiver, this type is unconditional, as it does not depend on the actual payment receipt. Once the waiver is signed and delivered to the paying party, the claimant waives their right to file a lien without regard to whether the payment has been received or not. 3. Final Unconditional Waiver and Release Upon Progress Payment — Individual: This version of the waiver is used when the claimant has completed all work or supplied all the necessary materials for the project. It signifies that the claimant has received the final progress payment and relinquishes any right to file a lien for that project. The Clark Nevada Unconditional Waiver and Release Upon Progress Payment — Individual provides legal protection for both parties involved in a construction project. It ensures that claimants receive necessary payments promptly and prevents delays in the project's completion due to unresolved lien claims. Property owners and general contractors, on the other hand, can be confident that once they have issued a progress payment, they will not face potential litigation or liens from claimants.Clark Nevada Unconditional Waiver and Release Upon Progress Payment — Individual is a legal document used in the construction industry to formalize the release of a claimant's right to file a lien on a property after receiving a progress payment. This waiver is specific to the state of Nevada and applies to individuals involved in construction projects as contractors, subcontractors, or suppliers. The Clark Nevada Unconditional Waiver and Release Upon Progress Payment — Individual serves as a binding agreement between the claimant and the property owner or general contractor. By signing this waiver, the claimant acknowledges that they have received a partial payment for work performed or materials supplied and agrees to waive their right to file a lien for that specific amount. This waiver operates on the principle of "progress payment," meaning it is issued after a payment is made while the construction project is still ongoing. It is important to note that there may be different types of Clark Nevada Unconditional Waiver and Release Upon Progress Payment — Individual, depending on the specific circumstances and the parties involved. These types may include: 1. Conditional Waiver and Release Upon Progress Payment — Individual: This type of waiver and release is conditional, meaning it is contingent upon the actual receipt of the progress payment by the claimant. Once the payment has been verified, the claimant can sign this waiver. 2. Unconditional Waiver and Release Upon Progress Payment — Individual: In contrast to the conditional waiver, this type is unconditional, as it does not depend on the actual payment receipt. Once the waiver is signed and delivered to the paying party, the claimant waives their right to file a lien without regard to whether the payment has been received or not. 3. Final Unconditional Waiver and Release Upon Progress Payment — Individual: This version of the waiver is used when the claimant has completed all work or supplied all the necessary materials for the project. It signifies that the claimant has received the final progress payment and relinquishes any right to file a lien for that project. The Clark Nevada Unconditional Waiver and Release Upon Progress Payment — Individual provides legal protection for both parties involved in a construction project. It ensures that claimants receive necessary payments promptly and prevents delays in the project's completion due to unresolved lien claims. Property owners and general contractors, on the other hand, can be confident that once they have issued a progress payment, they will not face potential litigation or liens from claimants.
