This Unconditional Waiver and Release of Claim of Lien Upon Progress Payment form 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 particular date to a customer on the job of an owner of property.
The Eugene Oregon Unconditional Waiver and Release of Claim of Lien Upon Progress Payment is a legal document used in the construction industry to release a claim of lien upon receiving a progress payment for work completed. This waiver signifies that the contractual party has received the payment and relinquishes their right to file a lien against the property. Keywords: Eugene Oregon, unconditional waiver, release of claim, lien, progress payment, construction industry, contractual party, property. There are different types of Eugene Oregon Unconditional Waiver and Release of Claim of Lien Upon Progress Payment, including: 1. Partial Unconditional Waiver and Release of Claim of Lien: This type of waiver is used when a partial payment is made, releasing the claim of lien only for the amount received while retaining the right to file a lien for any remaining unpaid balance. 2. Final Unconditional Waiver and Release of Claim of Lien: A final waiver is issued when the full payment for the project is received, terminating any further lien protection. By signing this waiver, the party acknowledges that they have received the complete payment and waive any future claim of lien upon the property. 3. Conditional Unconditional Waiver and Release of Claim of Lien: In some cases, a conditional waiver may be used, where the waiver is effective upon the actual receipt of the payment. This means that if the payment is not actually made, the waiver becomes void, and the lien right remains intact. 4. Unconditional Waiver and Release of Claim of Lien Upon Progress Payment for Subcontractors: This waiver form is specifically designed for subcontractors working on a construction project. It releases the claim of lien upon receiving a progress payment from the general contractor, preventing any future claims against the property. It is crucial for all parties involved in the construction process to carefully understand the specific type of waiver they are signing and the implications it has on their lien rights. Consulting with an attorney or legal expert is always recommended ensuring compliance with local laws and regulations in Eugene, Oregon.The Eugene Oregon Unconditional Waiver and Release of Claim of Lien Upon Progress Payment is a legal document used in the construction industry to release a claim of lien upon receiving a progress payment for work completed. This waiver signifies that the contractual party has received the payment and relinquishes their right to file a lien against the property. Keywords: Eugene Oregon, unconditional waiver, release of claim, lien, progress payment, construction industry, contractual party, property. There are different types of Eugene Oregon Unconditional Waiver and Release of Claim of Lien Upon Progress Payment, including: 1. Partial Unconditional Waiver and Release of Claim of Lien: This type of waiver is used when a partial payment is made, releasing the claim of lien only for the amount received while retaining the right to file a lien for any remaining unpaid balance. 2. Final Unconditional Waiver and Release of Claim of Lien: A final waiver is issued when the full payment for the project is received, terminating any further lien protection. By signing this waiver, the party acknowledges that they have received the complete payment and waive any future claim of lien upon the property. 3. Conditional Unconditional Waiver and Release of Claim of Lien: In some cases, a conditional waiver may be used, where the waiver is effective upon the actual receipt of the payment. This means that if the payment is not actually made, the waiver becomes void, and the lien right remains intact. 4. Unconditional Waiver and Release of Claim of Lien Upon Progress Payment for Subcontractors: This waiver form is specifically designed for subcontractors working on a construction project. It releases the claim of lien upon receiving a progress payment from the general contractor, preventing any future claims against the property. It is crucial for all parties involved in the construction process to carefully understand the specific type of waiver they are signing and the implications it has on their lien rights. Consulting with an attorney or legal expert is always recommended ensuring compliance with local laws and regulations in Eugene, Oregon.
