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CONDITIONAL WAIVER AND RELEASE ON PROGRESS PAYMENT (CALIFORNIA CIVIL CODE SECTION 8132, EFFECTIVE JULY 1, 2012) NOTICE: THIS DOCUMENT WAIVES THE CLAIMANT IS LIEN, STOP PAYMENT NOTICE, AND PAYMENT

How to fill out conditional waiver and release

How to fill out a conditional waiver and release:

1. Begin by gathering all necessary information such as the names of the parties involved, project details, and payment information.
2. Read the document carefully to understand its terms and conditions, making note of any specific requirements or clauses.
3. Fill in the relevant sections with accurate information, including the date of the release, the project or job description, and the amount being waived or released.
4. Specify whether the waiver and release are conditional or unconditional, depending on the specific circumstances and requirements.
5. If applicable, provide details about any partial payments received or anticipated, and include any additional attachments or exhibits as required.
6. Review the document for accuracy and completeness before signing and dating it.
7. Ensure that all parties involved in the transaction have signed the document, including the contractor or subcontractor, the owner or client, and any other relevant parties.
8. Keep a copy of the filled-out conditional waiver and release for your records.

Who needs a conditional waiver and release?

1. Contractors: Contractors who have completed a portion of or the entire project may request a conditional waiver and release before receiving full payment for their services.
2. Subcontractors: Subcontractors who have performed work or supplied materials for a project and are seeking payment may also require a conditional waiver and release.
3. Property owners or clients: Property owners or clients who want to protect themselves from potential future claims or disputes may request a conditional waiver and release from contractors or subcontractors.
4. Other parties involved in a construction project: Depending on the specifics of the project, architects, engineers, suppliers, or other parties may also be involved in the conditional waiver and release process.

Please note that the content provided above is for informational purposes only and should not be considered legal advice. It is important to consult with a knowledgeable attorney or legal professional for specific guidance related to your situation.

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