The Full Unconditional Waiver is a critical document in construction project management and payment processes in the United States. It is typically used after a party has received payment for work performed or materials supplied, and serves to protect property owners from double payment or future claims. A Full Unconditional Waiver, unlike conditional waivers, takes effect immediately upon execution and represents that payment has already been received. The document must be carefully drafted to comply with state-specific requirements, as some jurisdictions mandate specific statutory forms or language. It is commonly used in conjunction with progress payments or final payments in construction projects.
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1. Project Identification: Details of the project, including location and description
2. Waiving Party Information: Complete identification of the party providing the waiver
3. Payment Amount: Specific amount received as consideration for the waiver
4. Waiver Statement: Clear statement of rights being waived, including mechanics' lien rights, stop payment notice rights, and claims against payment bonds
5. Execution Block: Signature blocks and date for formal execution of the waiver
1. Notarization Block: Required in some states for enforceability - includes space for notary acknowledgment
2. Conditional Provisions: Any specific conditions that must be met before waiver becomes effective, used when required by state law
3. Prior Rights Reservation: Statement preserving certain rights, used when specific claims or rights need to be excluded from the waiver
1. Payment Details Schedule: Itemized list of payments received, including dates and payment methods
2. Project Scope Schedule: Detailed description of work covered by the waiver, including relevant contract references
3. Supporting Documents Schedule: Lists of relevant contracts, change orders, or other referenced documents pertaining to the waiver
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