This Conditional Waiver and Release of Claim of Lien Upon Final Payment is for use by a lienor in consideration of final payment 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. This Conditional Waiver and Release of Lien Upon Final Payment is conditioned upon the lienor receiving collected funds for the described work, and if these funds are not received within a certain number of days of the date of this waiver, this Conditional Waiver and Release of Lien is void.
A Bend Oregon Conditional Waiver and Release of Claim of Lien Upon Final Payment is a legal document used in construction projects to waive and release any potential lien rights by a contractor, subcontractor, or supplier upon receiving final payment for their services or materials. This document signifies the parties' agreement that they have been fully compensated and have no further claims against the property. This type of waiver is an important step in the construction payment process and ensures that all parties involved, including the property owner, general contractor, and subcontractors, have their financial obligations satisfied. There are several types of Bend Oregon Conditional Waiver and Release of Claim of Lien Upon Final Payment that may be applicable in different situations. These can include: 1. Conditional Waiver on Progress Payment: This waiver is used during the construction process when partial payments are made to contractors or suppliers upon reaching specific milestones. It serves as a conditional release of lien rights for the work or materials covered by the progress payment. 2. Conditional Waiver on Final Payment: This waiver is executed when the final payment is made, signifying that all work has been completed and all obligations have been met. It provides a conditional release of lien rights for the entire project upon receiving final payment. 3. Unconditional Waiver on Progress Payment: Unlike the conditional waivers mentioned above, this form acts as an unconditional release of lien rights for the work or materials covered by the progress payment. It doesn't include any conditions or contingencies. 4. Unconditional Waiver on Final Payment: Similar to the unconditional waiver on progress payment, this waiver acts as an unconditional release of lien rights for the entire project upon receiving final payment. Once executed, it signifies that all parties have been fully compensated, and no further claims can be made. It's important to note that these waivers need to be carefully reviewed and understood by all parties involved in a construction project. Consulting with a qualified attorney or legal professional in Bend, Oregon, is recommended to ensure compliance with local laws and to protect the rights and interests of all parties.A Bend Oregon Conditional Waiver and Release of Claim of Lien Upon Final Payment is a legal document used in construction projects to waive and release any potential lien rights by a contractor, subcontractor, or supplier upon receiving final payment for their services or materials. This document signifies the parties' agreement that they have been fully compensated and have no further claims against the property. This type of waiver is an important step in the construction payment process and ensures that all parties involved, including the property owner, general contractor, and subcontractors, have their financial obligations satisfied. There are several types of Bend Oregon Conditional Waiver and Release of Claim of Lien Upon Final Payment that may be applicable in different situations. These can include: 1. Conditional Waiver on Progress Payment: This waiver is used during the construction process when partial payments are made to contractors or suppliers upon reaching specific milestones. It serves as a conditional release of lien rights for the work or materials covered by the progress payment. 2. Conditional Waiver on Final Payment: This waiver is executed when the final payment is made, signifying that all work has been completed and all obligations have been met. It provides a conditional release of lien rights for the entire project upon receiving final payment. 3. Unconditional Waiver on Progress Payment: Unlike the conditional waivers mentioned above, this form acts as an unconditional release of lien rights for the work or materials covered by the progress payment. It doesn't include any conditions or contingencies. 4. Unconditional Waiver on Final Payment: Similar to the unconditional waiver on progress payment, this waiver acts as an unconditional release of lien rights for the entire project upon receiving final payment. Once executed, it signifies that all parties have been fully compensated, and no further claims can be made. It's important to note that these waivers need to be carefully reviewed and understood by all parties involved in a construction project. Consulting with a qualified attorney or legal professional in Bend, Oregon, is recommended to ensure compliance with local laws and to protect the rights and interests of all parties.
