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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. In this form, the contractor releases any liens and waives the right to future liens, contingent upon receiving payment for services and materials. The release takes effect only after payment is received. Essential elements of a conditional contractor's lien release form include the names of both the claimant and the customer, a specification of the duties to be performed, and detailed information about the value of all labor, services, and supplies provided for which compensation is still pending.