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Prepared by, recording requested by and return to:Above this Line for Official Use Only Name: Company: Address: City: State: Zip: Phone: Fax: CONDITIONAL WAIVER AND RELEASE OF LIEN UPON FINAL Payment
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How to fill out conditional waiver and release

01
Obtain the appropriate conditional waiver and release form.
02
Read and understand the terms and conditions stated in the form.
03
Fill out the form accurately and truthfully.
04
Provide all the required information, such as the name and contact details of the releasor and releasee, date of agreement, and a description of the activity or event being released.
05
Review the completed form for any errors or omissions.
06
Sign and date the form.
07
Have the releasee also sign and date the form as acknowledgment.
08
Keep a copy of the completed form for your records.

Who needs conditional waiver and release?

01
Conditional waiver and release forms are typically needed by individuals or organizations involved in activities where there is a risk of injury or property damage.
02
Examples of scenarios where a conditional waiver and release might be required include sports events, recreational activities, construction projects, and participation in potentially dangerous hobbies or activities.
03
Both the releasor (the person granting the release) and the releasee (the person or entity receiving the release) may need to have a conditional waiver and release in order to protect their interests and limit liability in case of accidents or incidents during the activity or event.

What is Conditional Waiver and Release of Claim of Lien Upon Final Payment - North Dakota Form?

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A conditional waiver and release is a legal document used in the construction industry that releases a party's lien rights upon the receipt of payment, provided that the payment is actually received.
Typically, subcontractors and suppliers are required to file a conditional waiver and release when they receive partial or full payment for their work or materials provided.
To fill out a conditional waiver and release, one should input the names of the parties involved, specify the property address, list the payment amount, and include the date of payment, ensuring to clearly state that the waiver is conditional upon the receipt of the specified payment.
The purpose of a conditional waiver and release is to protect contractors and subcontractors by ensuring that they do not unintentionally waive their rights to file a lien unless they have confirmed receipt of payment.
The information that must be reported includes the names of the parties, description of the project, the payment amount, the date of the payment, and any applicable property descriptions.
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