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A contractor's lien release form protects contractors, subcontractors, suppliers, or other construction professionals who have not received payment for work or services performed, or who received payment after placing a lien. After payment is made or a settlement is documented, the contractor may use this form to release the other party from ongoing payment obligations. Depending on jurisdiction, this form might need to be signed and filed with a local clerk or public entity. Essential components of the form include the names and addresses of both parties, a description of duties performed, the value of unpaid labor, services, and supplies, the project location, and the required signatures.
