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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. This form allows the contractor to release any liens and waive their right to future liens, contingent upon receiving payment for their services and materials. It becomes effective only after payment is made. Key elements of the form include the names of the claimant and customer, a specification of the duties to be performed, and a detailed account of the labor, services, and supplies provided for which compensation is pending.