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Subcontractor Lien Release of Liability

Subcontractor Lien Release Of Liability


Name

[Subcontractor's Name]

Company Name

[Your Company Name]

Date

[Date of Release]


I. Introduction

This Subcontractor Lien Release of Liability ("Release") is entered into on [Date], between [Subcontractor Name], hereinafter referred to as the "Subcontractor," and [Your Name], hereinafter referred to as the "Property Owner," regarding the property located at [Your Company Address] ("Property").

II. Covenants

  1. The Subcontractor hereby releases and discharges any claims, liens, demands, rights, and causes of action against the Property arising out of or related to the work performed or materials provided by the Subcontractor under the subcontract agreement dated [Date].

  2. In consideration of full payment received for all labor, services, and materials provided, the Subcontractor waives and releases any right to assert or enforce any lien or claim against the Property, including but not limited to mechanic's liens or construction liens.

  3. The Subcontractor further represents that all subcontractors, suppliers, laborers, and other parties engaged or employed by the Subcontractor in connection with the subcontract agreement have been fully paid and satisfied for their services and materials provided on the Property.

III. Acknowledgements

The Subcontractor acknowledges:

  1. That they have read and fully understand the terms of this Release.

  2. That they have executed this Release voluntarily and without duress.

IV. Governing Law and Venue

This Release shall be governed by and construed by the laws of [State]. Any disputes arising under this Release shall be subject to the exclusive jurisdiction of the courts of [State].

V. Binding Effect

This Release, agreed upon by all parties involved, shall hold not only those associated individuals accountable, but also prove advantageous for them.

Furthermore, this not only applies to the people directly involved, but also extends to their respective heirs, persons who succeed them in a particular role or responsibility, anyone they assign their responsibilities to, and their legal representatives.

The obligations and benefits herein referred to, therefore, shall be binding on and earned by all individuals mentioned above.

VI. Entire Agreement

This Release constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral, relating to such subject matter.

VII. Execution

This Release may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute the same instrument.

IN WITNESS WHEREOF, the undersigned have executed this Subcontractor Lien Release of Liability on the date first above written.

Organizer's Signature:

[Your Name]

[Date Signed]

Subcontractor's Signature:

[Subcontractor's Name]

[Date Signed]


Witness’s Signature (if applicable):

[Witness’s Name]

[Date Signed]

Release of Liability Templates @ Template.net