Final Payment Waiver
Final Payment Waiver
I. Introduction
This Final Payment Waiver Agreement ("Agreement") is entered into by and between [YOUR COMPANY NAME] ("Company") and the undersigned individual or entity ("Releasor"). This agreement is to confirm the full and final settlement of all claims and payments due concerning the contract terms previously agreed upon. By signing this document, the Releasor acknowledges and agrees that no further payments, claims, or disputes shall be allowed beyond the acknowledgment of the full payment received from the Company.
II. Details of the Agreement
Releasor Information:
Name: [YOUR NAME]
Contact Information: [YOUR EMAIL/CONTACT NUMBER]
Address: [YOUR ADDRESS]
Company Information:
Name: [YOUR COMPANY NAME]
Email: [YOUR COMPANY EMAIL]
Phone Number: [YOUR COMPANY NUMBER]
Address: [YOUR COMPANY ADDRESS]
Website: [YOUR COMPANY WEBSITE]
Social Media: [YOUR COMPANY SOCIAL MEDIA]
III. Statement of Payment
Releasor acknowledges full receipt of the agreed payment amount under the contract dated [CONTRACT DATE] with [YOUR COMPANY NAME]. The acknowledged final payment amount is [FINAL PAYMENT AMOUNT], which constitutes the full settlement of obligations under this contract.
IV. Release of Claims
Upon execution of this document, Releasor hereby releases and forever discharges [YOUR COMPANY NAME], its affiliates, officers, directors, employees, and agents from all claims, demands, or liabilities whatsoever, whether known or unknown, arising from or related to the contract dated [CONTRACT DATE]. This release includes, but is not limited to, all claims pertaining to payment disputes, work disputes, and additional compensation.
V. Legal Binding
This Agreement is legally binding upon Releasor, their successors, assigns, executors, and administrators. This document can be used in a court of law or any administrative hearing as proof of final payment and settlement of any claims towards [YOUR COMPANY NAME].
VI. Voluntary Agreement
Releasor acknowledges and agrees that they have voluntarily chosen to enter into this Agreement, have not been coerced, and have had the opportunity to seek legal advice prior to signing this document. This document serves as the last and final accord between the parties concerned and supersedes any previous agreements or understandings relating to the subject matter herein.
VII. Signature
Please indicate agreement and acceptance by signing below:
Releasor
Date: [DATE]
Company Representative
Date: [DATE]
