Once you’ve successfully collected your final payment it’s time to give your customer an “Unconditional Waiver and Release Upon Final Payment” form (#4 release).
Never issue a #4 release form unless you have been successfully paid in full for the entire project. If you do even though you haven’t been paid and you didn’t allow for the exceptions then the courts wouldn’t side with you because unconditional is unconditional – it’s final.
If you have suppliers include the same forms from them.
This article is an overview of waiver/release forms and is not legal advice. Please contact an attorney in your state with any questions you might have.Continue reading
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