This Conditional Waiver and Release Upon Progress Payment form is for use by an individual lien claimant who is required to execute a waiver and release in exchange for or to induce the payment of a progress billing to provide information, including the property name, the property location and description, the customer, the invoice payment application number, the payment amount, and the payment period. This waiver is effective to release and the lien claimant is considered to waive any notice of lien or right under Utah Code Ann., Title 38, Chapter 1, Mechanics' Liens, or any bond right under Utah Code Ann., Title 14, Contractors' Bonds, or Section 63G-6-505 related to payment rights the lien claimant has on the property once the lien claimant endorses a check in the referenced payment amount payable to the lien claimant, and the check is paid by the depository institution on which it is drawn.
A West Jordan Utah Conditional Waiver and Release Upon Progress Payment — Individual is a legal document used in the construction industry to protect the rights and interests of individual contractors or sub-contractors working on a construction project in West Jordan, Utah. This waiver and release document is specifically designed to ensure that contractors receive timely payments for completed work and services, while also providing protection to the property owner or general contractor. The purpose of the West Jordan Utah Conditional Waiver and Release Upon Progress Payment — Individual is to waive the contractor's right to file a lien against the property or project owner for the amount of payment received for the work completed to date. By signing this document, the individual contractor acknowledges that they have received a partial payment for their services and materials, and they agree to waive their right to file a lien against the property for the amount of the payment received. This type of conditional waiver and release is typically used when the contractor receives a progress payment for the work completed on the project. It ensures that the contractor is compensated for the work done, while allowing the construction project to move forward without any risks of potential liens being filed against the property. Some important keywords relevant to the West Jordan Utah Conditional Waiver and Release Upon Progress Payment — Individual include: 1. West Jordan, Utah: Specifies the location where the construction project is taking place, ensuring that the legal document is specific to the applicable jurisdiction's laws and regulations. 2. Conditional Waiver and Release: Indicates that the waiver is conditional upon receiving a progress payment, meaning the contractor retains the right to file a lien if the payment is not received. 3. Progress Payment: Refers to a partial payment made by the property owner or general contractor to the individual contractor for the work completed up to a certain point in the project. 4. Individual Contractor: Describes the specific type of release intended for use by individuals who are directly contracted for construction services or sub-contractors. 5. Lien: Refers to the legal claim that contractors can file against a property when payments have not been received for work or services provided, allowing them to secure their right to compensation. It is essential to consult with a legal professional or obtain the specific West Jordan Utah Conditional Waiver and Release Upon Progress Payment — Individual form from authorized entities, such as the West Jordan Building Department or local attorneys specializing in construction law, to ensure its compliance with local regulations and legal requirements.A West Jordan Utah Conditional Waiver and Release Upon Progress Payment — Individual is a legal document used in the construction industry to protect the rights and interests of individual contractors or sub-contractors working on a construction project in West Jordan, Utah. This waiver and release document is specifically designed to ensure that contractors receive timely payments for completed work and services, while also providing protection to the property owner or general contractor. The purpose of the West Jordan Utah Conditional Waiver and Release Upon Progress Payment — Individual is to waive the contractor's right to file a lien against the property or project owner for the amount of payment received for the work completed to date. By signing this document, the individual contractor acknowledges that they have received a partial payment for their services and materials, and they agree to waive their right to file a lien against the property for the amount of the payment received. This type of conditional waiver and release is typically used when the contractor receives a progress payment for the work completed on the project. It ensures that the contractor is compensated for the work done, while allowing the construction project to move forward without any risks of potential liens being filed against the property. Some important keywords relevant to the West Jordan Utah Conditional Waiver and Release Upon Progress Payment — Individual include: 1. West Jordan, Utah: Specifies the location where the construction project is taking place, ensuring that the legal document is specific to the applicable jurisdiction's laws and regulations. 2. Conditional Waiver and Release: Indicates that the waiver is conditional upon receiving a progress payment, meaning the contractor retains the right to file a lien if the payment is not received. 3. Progress Payment: Refers to a partial payment made by the property owner or general contractor to the individual contractor for the work completed up to a certain point in the project. 4. Individual Contractor: Describes the specific type of release intended for use by individuals who are directly contracted for construction services or sub-contractors. 5. Lien: Refers to the legal claim that contractors can file against a property when payments have not been received for work or services provided, allowing them to secure their right to compensation. It is essential to consult with a legal professional or obtain the specific West Jordan Utah Conditional Waiver and Release Upon Progress Payment — Individual form from authorized entities, such as the West Jordan Building Department or local attorneys specializing in construction law, to ensure its compliance with local regulations and legal requirements.
