Ads
related to: construction lien waiver templatelegaltemplates.net has been visited by 100K+ users in the past month
Search results
Results From The WOW.Com Content Network
In the mechanics lien process, a lien waiver is a document from a contractor, subcontractor, materials supplier, equipment lessor or other party to the construction project (the claimant) stating they have received payment and waive any future lien rights to the property (of the owner) for the amount paid.
Unlike a lien waiver that negates the right to file a lien in the future, a lien release cancels a lien that has already in effect. Prior to making any payment, the property owner should request a release of lien from every supplier, contractor and subcontractor, which covers the materials used and the work performed on the project.
In Mechanics lien law a Preliminary Notice (also known as a Notice to Owner, Materialmens Notice to Owner, Notice of Furnishing, Contractor/Subcontractors Notice to Owner, and others) is a notice sent by the general contractor, subcontractor, materialmen, equipment lessors or other parties to a construction project not to create a Mechanics lien but rather to establish the right to file a ...
Retainage is a portion of the agreed upon contract price deliberately withheld until the work is complete to assure that contractor or subcontractor will satisfy its obligations and complete a construction project. [1] A retention is money withheld by one party in a contract to act as security against incomplete or defective works.
Uniform Construction Lien Act: 1987 Uniform Consumer Credit Code: 1968, 1974 Uniform Consumer Leases: 2001 Uniform Controlled Substances Act: 1990, 1994 Uniform Correction or Clarification of Defamation Act: 1993 Uniform Custodial Trust Act: 1987 Uniform Deceptive Trade Practices Act: 1964, 1966 Uniform Declaratory Judgments Act: 1922
Courts may refuse to enforce a general liability waiver if it fails to inform the signer of the specific risk that caused the injury. [2] Liability waivers include pre-accident releases and model releases (for pictures). Reckless or intentional actions can never be disclaimed and liability resulting from a faulty product cannot be waived in the ...
Ads
related to: construction lien waiver template