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A conditional contractor's lien release form protects contractors, subcontractors, suppliers, and construction professionals by allowing them to release any liens while waiving the right to claim future liens, contingent upon receiving payment for work and materials. This release is effective only upon payment. The form typically includes the names of the claimant and customer, specifies the duties to be performed, and details the value of all labor, services, and supplies provided for which payment has not yet been received.