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A conditional contractor's lien release form protects contractors, subcontractors, suppliers, and other construction professionals who have not received payment for their work or services. This form allows the contractor to release any liens and waive the right to claim future liens, contingent upon receiving payment. It only takes effect once payment is received. Key elements included in the form are the names of both the claimant and customer, a specification of the duties to be performed, and a detailed account of the value of labor, services, and supplies provided for which compensation has not yet been received.
