Unconditional Waiver And Release On Progress Payment - United States

Unconditional Waiver And Release On Progress Payment for the United States

Unconditional Waiver And Release On Progress Payment Template for United States

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Unconditional Waiver And Release On Progress Payment

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What is a Unconditional Waiver And Release On Progress Payment?

The Unconditional Waiver And Release On Progress Payment is a critical document in the construction payment process across U.S. jurisdictions. It is typically used when a contractor, subcontractor, or supplier has received a progress payment and needs to provide immediate assurance to the paying party that all lien rights related to that payment are waived. This document is more definitive than a conditional waiver as it takes effect immediately upon execution, regardless of payment verification. It should be used only when payment has actually been received and cleared, as the waiver cannot be revoked even if the payment is later dishonored. The document must include specific information about the project, payment amount, and parties involved, while complying with state-specific statutory requirements.

What sections should be included in a Unconditional Waiver And Release On Progress Payment?

1. Title and Date: Document identification and effective date

2. Parties: Identification of the claimant and the party making payment

3. Payment Amount: Specific amount received as progress payment

4. Project Information: Details of the construction project and property location

5. Waiver Statement: Explicit unconditional waiver language for rights up to the payment amount

6. Signature Block: Execution section including date and signatures

What sections are optional to include in a Unconditional Waiver And Release On Progress Payment?

1. Notarization Block: Required in some jurisdictions for document validity - use when required by state law or requested by parties

2. Exception Claims: Listing of any claims specifically excluded from the waiver - use when certain claims need to be preserved

3. Prior Rights Reservation: Preservation of rights for prior unpaid work - use when there are outstanding previous payments

What schedules should be included in a Unconditional Waiver And Release On Progress Payment?

1. Schedule A - Project Details: Detailed description of the project scope and location

2. Schedule B - Payment Details: Breakdown of the progress payment amount and work completed

3. Schedule C - Outstanding Claims: List of any preserved claims or rights not waived

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Conditional Waiver Release Form

A U.S. legal document that conditionally waives mechanics lien rights upon receipt of payment in construction projects.

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What is a Unconditional Waiver And Release On Progress Payment?

What sections should be included in a Unconditional Waiver And Release On Progress Payment?

What sections are optional to include in a Unconditional Waiver And Release On Progress Payment?

What schedules should be included in a Unconditional Waiver And Release On Progress Payment?

Authors

Alex Denne

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