Conditional Waiver & Release upon Final Payment

This Conditional Waiver and Release Upon Final Payment is generally used in the construction industry but can be used in other situations. This release requires a claimant to execute a waiver and release in exchange for final payment and to release any mechanic’s lien, stop order or bond once the bank the funds are drawn upon verifies evidence of final payment to the claimant. This legal form allows for disputed sums to be entered thus preserving the rights of the person signing the release. (continued ...)