Lien Waiver
Lien Waiver
I. Introduction
This Lien Waiver Agreement ("Agreement") is made by and between [YOUR COMPANY NAME] ("Releasor") and [CONTRACTOR'S COMPANY NAME] ("Releasee"), collectively referred to as the "Parties." This Agreement ensures that all parties are aware of and consent to the terms under which the lien rights are waived in association with payment for services or materials provided.
II. Description of the Services
The services provided under this Agreement by the Releasee include, but are not limited to, construction, repair, or improvements to the property located at [PROPERTY ADDRESS].
III. Acknowledgement of Payment
The Releasor, [YOUR COMPANY NAME], acknowledges receipt of payment in full from Releasee, [CONTRACTOR’S COMPANY NAME], in the amount of [SPECIFIED AMOUNT], relating to the services described in Section II. This payment represents full and final payment for all labor, services, equipment, or materials furnished by Releasor to Releasee on or pertaining to the property at [PROPERTY ADDRESS].
IV. Waiver of Liens
Upon the receipt of the specified payment as noted above, Releasor hereby waives and releases any and all liens, or claims for liens, that it has or may have concerning the property at [PROPERTY ADDRESS], arising out of the transactions and services rendered to date.
V. Binding Effect
This Agreement shall be binding upon and inure to the benefit of the Parties and their respective heirs, executors, administrators, legal representatives, successors, and assigns. Both Parties warrant that they have read and understood the terms set forth in this document and voluntarily sign it, reflecting their informed consent.
VI. Legal Compliance
This Lien Waiver complies with all applicable laws and regulations of [STATE OR REGION] where the property is located, and it effectively releases all lien rights of Releasor over the said property upon completion of the agreed-upon payment.
VII. Additional Provisions
Should any provision of this Agreement be held invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction.
VIII. Amendments
No amendment to this Agreement will be effective unless it is in writing and signed by both parties.
IX. Signatures
Both Parties acknowledge and agree that this Agreement has been executed voluntarily on this day [DATE]. Signed:
For [YOUR COMPANY NAME]
[YOUR NAME]
Title: [YOUR TITLE]
For [CONTRACTOR'S COMPANY NAME]
[CONTRACTOR'S REPRESENTATIVE NAME]
Title: [CONTRACTOR'S TITLE]
