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The form is used to waive and release any rights to file a mechanic's lien against a property after providing labor or materials.
The waiver is executed in exchange for a specified sum of money or other valuable consideration.
The form requires a detailed description of the property where labor or materials were provided.
The form includes fields for the date of execution and the last day labor or materials were provided.
The document must be notarized, confirming that it was signed in front of a notary public.
There is a section for corporate acknowledgment, allowing authorized representatives of corporations to execute the waiver.
The language in the form is designed to be inclusive, accommodating singular/plural and gender variations as per legal context.