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A conditional contractor's lien release form protects contractors, subcontractors, suppliers, and other construction professionals who haven't received payment for their work. By using this form, a contractor releases any liens and waives the right to file future liens, but only upon receiving payment for completed work and materials. The form takes effect only after payment is made. Key components of a conditional lien release include the names of the claimant and customer, a description of the duties performed, and a detailed account of the value of all labor, services, and supplies provided for which payment has not yet been received.
