The Full Unconditional Lien Waiver And Release Form serves as a critical document in construction project management and payment processes within the United States. It is used when a contractor, subcontractor, or supplier has received full payment for their work or materials and is willing to permanently waive their right to file a mechanic's lien against the property. This document provides property owners and lenders with necessary protection against future claims and is often required before final payment is released. The form must comply with state-specific requirements, as lien laws vary by jurisdiction, and some states mandate the use of statutory forms. Unlike conditional waivers, this unconditional version takes effect immediately upon execution, regardless of future circumstances.
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1. Project Identification: Details of the construction project including address and description
2. Parties: Identification of waiving party and party receiving waiver
3. Payment Amount: Specific amount received in exchange for the waiver
4. Waiver Statement: Express waiver of lien rights and claims
5. Signature Block: Execution section with date and notarization
1. Through Date: Specific date through which the waiver applies - used when waiver needs to be limited to specific time period
2. Exceptions: List of any retained rights or claims - used when certain claims or rights are being preserved
3. Conditional Language: Making waiver conditional upon receipt of payment - used when payment hasn't been received yet
1. Schedule A - Property Description: Legal description of the property
2. Schedule B - Payment Details: Breakdown of payment amounts and dates
3. Schedule C - Related Contracts: List of contracts covered by the waiver
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