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UNCONDITIONAL WAIVER AND RELEASE OF LIEN UPON PROGRESS PAYMENT (State of Colorado)The undersigned lie nor, in consideration of the sum of $, hereby waives and releases its lien and right to claim

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What is conditional waiver and release?

Conditional waiver and release is a legal document used in construction projects to waive the right to file a mechanics lien or bond claim upon receiving payment.

Who is required to file conditional waiver and release?

Contractors, subcontractors, and suppliers involved in a construction project may be required to file conditional waiver and release.

How to fill out conditional waiver and release?

Conditional waiver and release forms can be filled out by providing the necessary project information, payment details, and signing the document.

What is the purpose of conditional waiver and release?

The purpose of conditional waiver and release is to ensure that parties involved in a construction project receive payment for their services and waive their rights to file liens or claims.

What information must be reported on conditional waiver and release?

Information such as project details, amount of payment, parties involved, and signatures must be reported on a conditional waiver and release.

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