Conditional Waiver and Release on Final Payment (QTY 25)

Conditional Waiver and Release on Final Payment

This form is designed to document a Conditional Waiver and Release on Final Payment for California construction projects. It is intended to be used when a claimant is receiving final payment and agrees to conditionally waive certain lien and payment rights. The waiver becomes effective only after the claimant has actually received payment, providing protection for both parties while documenting the final payment transaction.

Important Notice:

This form is based on the statutory language contained in California Civil Code §8136 and includes the required notice stating that:

• The waiver is effective only upon receipt of payment.
• It conditionally waives the claimant's:
  • Mechanic's Lien Rights
  • Stop Payment Notice Rights
  • Payment Bond Rights
• The claimant should not rely on this document unless payment has actually been received.
• The form includes an Exceptions section to preserve disputed claims that are specifically identified.