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A conditional contractor's lien release form protects contractors, subcontractors, suppliers, and other construction professionals who have not been compensated for their work or services. This form allows a contractor to release any existing liens and waive the right to file future liens, contingent upon receiving payment for the work and materials provided. The release is effective only upon receipt of payment. Essential elements of the form include the names of both the claimant and the customer, a specification of the duties to be performed, and a detailed account of the value of all labor, services, and supplies related to the project for which payment is still owed.
