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A conditional contractor's lien release form protects contractors, subcontractors, suppliers, or other construction professionals who have not received payment for their work. This form allows the contractor to release any liens and waive the right to future liens, but it only takes effect upon receipt of payment. Key components 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 labor, services, and supplies provided for which compensation is pending.
