Unconditional Waiver and Release on Progress Payment (Mechanics Lien) (California)

This legal template, titled "Unconditional Waiver and Release on Progress Payment (Mechanics Lien) (California)," is a document used in the construction industry to waive and release a potential mechanics lien claim in exchange for receiving a progress payment.

In California, mechanics liens are legal claims filed by contractors, subcontractors, or suppliers to secure payment for work performed or materials supplied to a construction project. However, in certain circumstances, a contractor or supplier may agree to waive their right to file a mechanics lien in exchange for receiving full or partial payment for the work completed.

This template serves as a formal agreement between the contractor or supplier (referred to as the "Claimant") and the party responsible for making the payment (referred to as the "Owner" or "Customer"). By signing this document, the Claimant acknowledges that they have received a progress payment and fully and unconditionally waives their right to file a mechanics lien against the project.

The Unconditional Waiver and Release on Progress Payment template includes essential information such as the project details, names and addresses of the parties involved, description of work performed or materials supplied, payment amount, and the date of the waiver.

By utilizing this legal template, both parties can protect their interests and ensure that the Claimant receives timely payment while also safeguarding the Owner or Customer against any potential mechanics lien claims. It serves as a clear, written agreement that releases any legal claim to the extent of the payment received, providing peace of mind and security for all parties involved in the construction project.