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A conditional contractor's lien release form safeguards contractors, subcontractors, suppliers, and other construction professionals who have not been compensated for their services. This form allows the contractor to release any existing liens and waive the right to future liens, contingent upon receiving payment for their work and materials. The release does not take effect until payment is made. Key components of the form include the names of both the claimant and customer, a specification of the duties to be performed, and a detailed account of the value of all labor, services, and supplies provided for which payment has not yet been received.
