Subcontractor Unconditional Waiver Final Lien Release Page 2
ADVERTISEMENT
1
2(6)
There are no Claims of Lien, Preliminary Notices of Lien, or any suits or claims for
payment, loss or damage of any kind, nature or description which might constitute a lien upon the Property
as of the date of this Unconditional Waiver and Release Upon Final Payment, which arise out of, or relate
to, Subcontractor/Supplier's work at the Property.
(7)
This Unconditional Waiver and Release Upon Final Payment is specifically made for the
benefit of Owner and the Owner's Lender, any tenant and lender of any tenant, and any other person or
entity with a legal or equitable interest in the Property, and may be relied upon unconditionally by any of
the aforementioned parties.
(8)
The undersigned is executing this Unconditional Waiver and Release Upon Final
Payment, as provided by law, for and on behalf of the Subcontractor/Supplier for the express purpose of
inducing and receiving final payment from the Owner (or Tenant or Lender) for work or improvements to
the Property.
(9)
This Unconditional Waiver and Release Upon Final Payment constitutes a representation
by the undersigned, for and on behalf of the Subcontractor/Supplier, that the payment referenced above,
once received, constitutes full and complete payment for all work performed, and costs or expense
incurred (including, but not limited to, costs for supervision, field office overhead, home office overhead,
interest on capital, profit and general conditions costs) relative to the work or improvements at the
Property. The Subcontractor/Supplier hereby specifically waives, quitclaims and releases any claim for
damages due to delay, hindrance, interference, acceleration, inefficiencies or extra work, or any other
claim of any kind it may have against the General Contractor, the Owner, or any other person or entity with
a legal or equitable interest in the Property, arising out of work performed on the Property.
(10)
The amount of money set forth as due and owing in the immediately preceding Interim
Waiver and Release Upon Payment dated
, 20
, has been received, and is deemed paid
in full, and execution of this Unconditional Waiver and Release Upon Final Payment shall constitute the
undersigned Subcontractor/Supplier's Acknowledgment of Payment in Full as to the immediately
preceding Interim Waiver and Release Upon Payment, pursuant to O.C.G.A. § 44-14-366.
NOTICE: THIS DOCUMENT WAIVES RIGHTS UNCONDITIONALLY AND STATES THAT YOU HAVE
BEEN PAID FOR GIVING UP THOSE RIGHTS. THIS DOCUMENT IS ENFORCEABLE AGAINST YOU
IF YOU SIGN IT, EVEN IF YOU HAVE NOT BEEN PAID. IF YOU HAVE NOT YET BEEN PAID, USE A
CONDITIONAL RELEASE FORM.
In witness whereof, the undersigned, acting for and on behalf of the Subcontractor/Supplier and
all of its laborers, subcontractors, and suppliers, has placed his hand and seal.
Signed, sealed and delivered in the
SUBCONTRACTOR/SUPPLIER
presence of:
Witness
Company Name
Print Name
OFFICER’S SIGNATURE
Notary Public
(NOTARY SEAL)
DATE:
My Commission Expires:
- 2 -
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Legal