Conditional Lien Waiver and Release on Final Payment (Mechanic's Lien) (Texas)

This legal template is a document that pertains to the conditional lien waiver and release on final payment, specifically in relation to a mechanic's lien in the state of Texas, governed by United States law. A mechanic's lien is typically filed by contractors, suppliers, or laborers who have provided services or materials for a construction project but have not yet been fully compensated. The purpose of this template is to provide a legal agreement between the lien claimant and the property owner, releasing the lien claimant's right to file or enforce a mechanic's lien upon receiving final payment for their services or materials. It establishes conditions that must be met, such as full and prompt payment, as well as compliance with applicable laws and regulations. By signing this document, both parties confirm the successful completion of the project and agree to release any potential claims against one another regarding the mechanic's lien.