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A conditional contractor's lien release form protects contractors, subcontractors, suppliers, and other construction professionals who have not received payment for their work. By using this form, a contractor relinquishes any liens and waives the right to claim future liens, contingent upon receiving payment. The form only takes effect once the payment has been made. Key components of a conditional contractor's lien release form include the names of the claimant and customer, a specification of duties to be performed, and a detailed account of the value of all labor, services, and supplies provided for which compensation has not yet been received.