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 Gresham Oregon Unconditional Waiver and Release of Claim of Lien Upon Progress Payment is a legal document that essentially functions as a receipt, confirming that a contractor or supplier has been paid for their services or materials provided during a construction project in Gresham, Oregon. By signing this waiver, the claimant forfeits their right to file a lien against the property for the amount of the progress payment received. There are two primary types of Gresham Oregon Unconditional Waiver and Release of Claim of Lien Upon Progress Payment: the conditional waiver and the unconditional waiver. 1. Gresham Oregon Conditional Waiver and Release of Claim of Lien Upon Progress Payment: This type of waiver is used when the claimant has received a progress payment but wants to ensure that the payment clears before fully releasing their lien rights. It is "conditional" because it explicitly states that the waiver is only effective once the payment has been successfully processed or cleared. If the payment fails or bounces, the claimant can still assert their lien rights. 2. Gresham Oregon Unconditional Waiver and Release of Claim of Lien Upon Progress Payment: This type of waiver is used when the claimant has received a progress payment and wants to immediately release their lien rights without any conditions or contingencies. It is "unconditional" because the waiver takes effect as soon as it is signed, regardless of whether the payment clears or not. By signing this waiver, the claimant relinquishes their right to later assert a lien for the amount mentioned in the waiver. Both the conditional and unconditional types of Gresham Oregon Unconditional Waiver and Release of Claim of Lien Upon Progress Payment serve as essential legal agreements in the construction industry. They promote transparency, accountability, and protect property owners from potential claims or disputes over unpaid amounts. It is crucial for all parties involved in a construction project to understand and comply with the specific requirements outlined in these waivers to ensure a smooth and successful project completion, free from any future legal entanglements.The Gresham Oregon Unconditional Waiver and Release of Claim of Lien Upon Progress Payment is a legal document that essentially functions as a receipt, confirming that a contractor or supplier has been paid for their services or materials provided during a construction project in Gresham, Oregon. By signing this waiver, the claimant forfeits their right to file a lien against the property for the amount of the progress payment received. There are two primary types of Gresham Oregon Unconditional Waiver and Release of Claim of Lien Upon Progress Payment: the conditional waiver and the unconditional waiver. 1. Gresham Oregon Conditional Waiver and Release of Claim of Lien Upon Progress Payment: This type of waiver is used when the claimant has received a progress payment but wants to ensure that the payment clears before fully releasing their lien rights. It is "conditional" because it explicitly states that the waiver is only effective once the payment has been successfully processed or cleared. If the payment fails or bounces, the claimant can still assert their lien rights. 2. Gresham Oregon Unconditional Waiver and Release of Claim of Lien Upon Progress Payment: This type of waiver is used when the claimant has received a progress payment and wants to immediately release their lien rights without any conditions or contingencies. It is "unconditional" because the waiver takes effect as soon as it is signed, regardless of whether the payment clears or not. By signing this waiver, the claimant relinquishes their right to later assert a lien for the amount mentioned in the waiver. Both the conditional and unconditional types of Gresham Oregon Unconditional Waiver and Release of Claim of Lien Upon Progress Payment serve as essential legal agreements in the construction industry. They promote transparency, accountability, and protect property owners from potential claims or disputes over unpaid amounts. It is crucial for all parties involved in a construction project to understand and comply with the specific requirements outlined in these waivers to ensure a smooth and successful project completion, free from any future legal entanglements.
