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A conditional contractor's lien release form is designed to protect contractors, subcontractors, suppliers, and other construction professionals who have not been compensated for their services. This form allows a contractor to release any liens and waive the right to claim future liens, contingent upon receiving payment for work and materials. It becomes effective only upon payment. Key components of the form include the names of both the claimant and customer, a specification of the duties to be performed, and a detailed account of the value of all labor, services, and supplies provided to the project for which payment is still pending.