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Commonly Asked Questions about Construction lien waivers

The waiver allows contractors claims to be paid solely by their own insurance companies, even if another party could be found at fault for the accident or injury.
Only parties to a lien waiver agreement may waive their lien rights.
In the law of contract, the term waiver is most commonly used to denote the granting of a concession by one party to a contract by not insisting on the precise performance by the other party of a duty under the contract, whether before or after any bdocHub of the term waived.
A waiver is a legally binding provision where either party in a contract agrees to voluntarily forfeit a claim without the other party being liable. Waivers can either be in written form or some form of action.
The owner may choose to use the court system to get a lien removed from the title to their property, especially if work has been halted because bank funding has been put on hold. To do so, the owner must pay the court the amount of the lien plus 25 percent of costs.
Under the Construction Act, construction liens must be filed or preserved within 60 days after the date the governing construction contract was completed or abandoned.
Waivers relating to construction contracts Waivers are used to modify or waive specific terms or conditions within a contract or legal agreement. They are often used to address changes, disputes, or unexpected circumstances that arise during the course of a construction project.
When a party to a contract voluntarily surrenders a claim or a right, it is known as a waiver. A written form of waiver is usually a legally binding provision in a contract wherein any party agrees to forfeit their right to a claim without imposing any liability on the other party.