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This document is a Conditional Waiver and Release Upon Progress Payment, which outlines the terms under which the undersigned waives their rights to lien and claims for payment upon receiving a specified payment amount for work, materials, or equipment provided. It specifies that the waiver applies only to the extent of the payment received and does not cover any unpaid amounts or disputed claims. The undersigned also commits to using the payment to settle obligations with laborers and suppliers.

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Click ‘Get Form’ to open the waiver upon in the editor.
Begin by entering the 'Property Name' and 'Property Location' in the designated fields. Ensure accuracy as this information is crucial for identification.
Fill in the 'Undersigned’s Customer' field with the name of the customer associated with this waiver.
Input the 'Invoice/Payment Application Number' to reference the specific payment related to this waiver.
Enter the 'Payment Amount' that corresponds to the progress payment being waived. This amount should match what you expect to receive.
Review the terms outlined in the document, ensuring you understand your rights and obligations regarding payment and lien waivers.
Sign and date the document at the bottom, including your company name and title for verification purposes.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What does it mean to waive the right of lien?

A waiver is the voluntary relinquishment or surrender of a known legal right, claim, or privilege. It may be made in writing, orally, or implied by conduct, and is commonly used in contractual, legal, and regulatory contexts.

What is an example of a waiver?

Examples of waivers include the waiving of parental rights, waiving liability, tangible goods waivers, and waivers for grounds of inadmissibility.

Is it waiver or waive?

A lien waiver signifies that a contractor (a general contractor, a specialty contractor, a subcontractor, and/or a supplier) has released their right to file a lien against the property.

How to use the word waiver?

The college got a special waiver from the town to exceed the building height limit. He signed an insurance waiver before surgery.

How do you use waiver in a sentence?

Examples of waiver in a Sentence a criminal defendants waiver of a jury trial The college got a special waiver from the town to exceed the building height limit. He signed an insurance waiver before surgery.

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How to use waive in a simple sentence?

She waived her right to a lawyer. The university waives the application fee for low-income students. The judge ruled in Bals favor, and the debt was waived.