Unconditional Waiver And Release Upon Final Payment With Notary
What is unconditional waiver and release upon final payment with notary?
Unconditional waiver and release upon final payment with notary is a legal document that effectively releases the claimant's right to a lien or claim on a property or project upon receiving the final payment. This document is notarized to ensure its authenticity and enforceability.
What are the types of unconditional waiver and release upon final payment with notary?
There are two types of unconditional waiver and release upon final payment with notary: conditional and unconditional. The conditional waiver is used when the claimant has received partial payment and wants to waive the lien rights only to the extent of the amount received. On the other hand, the unconditional waiver is used when the claimant has received full and final payment and is willing to release all lien rights unconditionally.
How to complete unconditional waiver and release upon final payment with notary
Completing an unconditional waiver and release upon final payment with notary is a straightforward process. Here are the steps to follow:
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