Subcontractor Lien Waiver
Subcontractor Lien Waiver
I. Introduction
This Subcontractor Lien Waiver ("Waiver") is entered into by and between [SUBCONTRACTOR'S FULL NAME] ("Subcontractor") and [YOUR COMPANY NAME] ("Company"), collectively referred to as "the Parties". This Waiver is executed in conjunction with the work performed by the Subcontractor for the Company at the project located at [PROJECT ADDRESS].
II. Scope of Work
The Subcontractor has completed the work as described in the contract dated [CONTRACT DATE], between the Parties for the project titled [PROJECT TITLE].
III. Declaration of Payment
The Subcontractor acknowledges receipt of payment from the Company as full compensation for all work performed and materials supplied to the project up to the date of this Waiver. The payment details are as follows:
Payment Amount: [PAYMENT AMOUNT]
Date of Payment: [PAYMENT DATE]
Method of Payment: [PAYMENT METHOD]
IV. Waiver of Liens
By signing this Waiver, the Subcontractor hereby waives and releases any and all liens, or claims of liens, that the Subcontractor has or may have concerning the project, up to the date of this Waiver. This includes all rights and claims for payment which the Subcontractor has filed or has the right to file against the said property under the applicable state and federal laws.
V. Binding Effect
This Waiver shall be binding upon the Subcontractor, its successors, and assigns. It is expressly agreed that this Waiver is executed voluntarily and without coercion, and is intended to be a final expression of the Parties’ agreement related to the release of any lien rights, conditioned upon the receipt of the aforementioned payment.
VI. Legal Compliance
The Subcontractor hereby confirms that this Waiver complies with the laws and regulations of the state of [STATE NAME] and represents that the signing of this Waiver is duly authorized by the necessary and appropriate corporate actions.
VII. Acknowledgment
The Subcontractor acknowledges that he/she has read this Waiver, understands its terms, has been given the opportunity to seek independent legal advice prior to signing, and agrees to the terms herein freely and without any undue influence.
VIII. Execution
IN WITNESS WHEREOF, each of the Parties has executed this Subcontractor Lien Waiver on the day and year written below.
Subcontractor: [SUBCONTRACTOR'S FULL NAME]
Date: [DATE]
Company: [YOUR COMPANY NAME]
By: [AUTHORIZED PERSONNEL NAME]
Title: [PERSONNEL TITLE]
Date: [DATE]
