Conditional Waiver Release Form Generator for United States

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Key Requirements PROMPT example:

Conditional Waiver Release Form

"Need a Conditional Waiver Release Form for a commercial construction project in California, where our company will receive a progress payment of $250,000 and wants to ensure the waiver only becomes effective upon actual receipt of funds in March 2025."

Document background

The Conditional Waiver Release Form is a crucial document in U.S. construction law that protects both parties in a construction payment scenario. It is typically used when one party is making a payment to another in exchange for a waiver of lien rights, but the waiver only becomes effective when payment is actually received. This document is particularly important in multi-tiered construction projects where various contractors, subcontractors, and suppliers need to provide assurance that they won't file liens after receiving payment. The form must comply with state-specific requirements and often includes details about the project, payment amount, and specific rights being waived.

Suggested Sections

1. Identification of Parties: Details of the waiving party and the party receiving the waiver

2. Project Information: Specific details about the project, including location and scope

3. Payment Amount: Specific amount being paid in exchange for the waiver

4. Conditional Terms: Specific conditions that must be met for the waiver to become effective

5. Rights Being Waived: Explicit description of the rights being waived

6. Signature Block: Space for signatures, dates, and notarization if required

Optional Sections

1. Through Date: Specific date through which rights are being waived - used when waiver covers work through a specific date

2. Exceptions: List of specific claims or rights not being waived - used when certain rights need to be preserved

3. Additional Certifications: Additional statements certifying payment to subcontractors - used when required by state law or contract

Suggested Schedules

1. Schedule A - Project Description: Detailed description of the project and work performed

2. Schedule B - Payment Details: Breakdown of payment amounts and work covered

3. Schedule C - Outstanding Claims: List of any preserved claims or exceptions to the waiver

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Construction
Real Estate
Manufacturing
Infrastructure

Relevant Teams

Legal
Finance
Operations
Procurement
Contract Administration

Relevant Roles

Project Manager
Construction Manager
Contract Administrator
Finance Manager
Legal Counsel

Find the exact document you need

Conditional Waiver Release Form

A U.S. legal document that conditionally waives mechanics lien rights upon receipt of payment in construction projects.

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Authors

Alex Denne

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