This Conditional Waiver and Release of Claim of Lien Upon Progress Payment is for use by a lienor in consideration of a sum of money to waive and release his or her lien and right to claim a lien for labor, services or materials furnished through a certain date to a customer on the job of an owner of property. This Conditional Waiver and Release of Lien Upon Progress Payment is conditioned upon the lienor receiving collected funds in for the described work, and if these funds are not received within a specific number of days of the date of this waiver, this Conditional Waiver and Release of Lien is void.
The Gresham Oregon Conditional Waiver and Release of Claim of Lien Upon Progress Payment is a legal document designed to protect the rights of contractors, subcontractors, suppliers, and other parties involved in construction projects in Gresham, Oregon. This waiver acts as a conditional release and waives the right to file a claim of lien upon receiving progress payments. It is essential to understand the different types of Gresham Oregon Conditional Waiver and Release of Claim of Lien Upon Progress Payment, such as: 1. Conditional Waiver and Release Upon Progress Payment: This type of waiver is used when a contractor or supplier agrees to receive a progress payment and waives the right to claim a lien for that specific payment when it is made. However, if the payment ends up being invalid or insufficient, the right to a lien claim is not waived. 2. Partial Conditional Waiver and Release Upon Progress Payment: In situations where a contractor or supplier receives partial payment for their work or supplies, this waiver is executed. It releases their right to file a claim of lien for the amount received, while the remaining claim rights are preserved. 3. Unconditional Waiver and Release Upon Progress Payment: This type of waiver is utilized when a contractor or supplier receives a progress payment and unconditionally waives their rights to claim a lien upon receipt. In this case, even if the payment proves to be invalid or insufficient, the lien claim cannot be pursued. These different variations of conditional waivers and releases address various scenarios in construction projects, ensuring clarity, transparency, and fairness in the payment process. It is crucial for parties involved in the Gresham, Oregon construction industry to have a comprehensive understanding of these waivers to protect their rights and avoid potential legal disputes.The Gresham Oregon Conditional Waiver and Release of Claim of Lien Upon Progress Payment is a legal document designed to protect the rights of contractors, subcontractors, suppliers, and other parties involved in construction projects in Gresham, Oregon. This waiver acts as a conditional release and waives the right to file a claim of lien upon receiving progress payments. It is essential to understand the different types of Gresham Oregon Conditional Waiver and Release of Claim of Lien Upon Progress Payment, such as: 1. Conditional Waiver and Release Upon Progress Payment: This type of waiver is used when a contractor or supplier agrees to receive a progress payment and waives the right to claim a lien for that specific payment when it is made. However, if the payment ends up being invalid or insufficient, the right to a lien claim is not waived. 2. Partial Conditional Waiver and Release Upon Progress Payment: In situations where a contractor or supplier receives partial payment for their work or supplies, this waiver is executed. It releases their right to file a claim of lien for the amount received, while the remaining claim rights are preserved. 3. Unconditional Waiver and Release Upon Progress Payment: This type of waiver is utilized when a contractor or supplier receives a progress payment and unconditionally waives their rights to claim a lien upon receipt. In this case, even if the payment proves to be invalid or insufficient, the lien claim cannot be pursued. These different variations of conditional waivers and releases address various scenarios in construction projects, ensuring clarity, transparency, and fairness in the payment process. It is crucial for parties involved in the Gresham, Oregon construction industry to have a comprehensive understanding of these waivers to protect their rights and avoid potential legal disputes.
