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Conditional release example

Conditional waiver and release 2026

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The document is a Conditional Waiver and Release Upon Progress Payment for the State of Nevada, which outlines the terms under which a contractor waives their lien rights upon receiving a specified payment. It specifies that the waiver applies only to the amount received and does not cover any unpaid items or disputes. The undersigned must ensure that all laborers and suppliers are paid with the received funds. The document also advises users to fill in necessary details and consult a lawyer if needed.

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Click ‘Get Form’ to open the conditional waiver and release document in the editor.
Begin by filling in the 'Property Name' and 'Property Location' fields. This information identifies the specific property related to the payment.
Next, enter the 'Undersigned’s Customer' name, followed by the 'Invoice/Payment Application Number'. These details are crucial for tracking the payment application.
Input the 'Payment Amount' that corresponds to the progress payment being released. Ensure this matches your records for accuracy.
Review the terms of the waiver carefully. Make any necessary adjustments to ensure it reflects your transaction accurately, especially regarding any retention or disputed items.
Finally, add your company name, sign, and date at the bottom of the form. This finalizes your waiver and ensures its validity.

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