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A conditional contractor's lien release form is designed to protect contractors, subcontractors, suppliers, or other construction professionals who have not been compensated for their work. The form allows a contractor to release any liens and waive the right to future liens, contingent upon receiving payment for their work and materials. It becomes effective only once payment is made. Key elements of the form include the names of the claimant and customer, a description of the duties performed, and a detailed account of the labor, services, and supplies provided for which compensation has not yet been received.