Conditional Waiver & Release upon Progress Payment

for Your State
2 Reviews

This form is to be used as a conditional waiver & release based on a progress payment only to the extent of the progress payment.

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This form is generally used in the construction industry, however it has many other applications. It requires a claimant to some right or sum of money to execute a waiver and release in exchange for a progress payment, but only to the extent of the progress payment. This form ensures that the release is not effective until the bank upon which the funds are drawn actually pays the money owed. This form also limits the waiver and release to certain conditions covered by the progress payment.

Among others this packet includes the following provisions:
  • Names of parties: Identifies the parties to the transaction
  • Sum paid: Clarifies the money paid for the waiver and release
  • Job description: Indicates the job for which the release applies
  • Extent of release of claim: Describes the extent to which the waiver applies
This attorney-prepared packet includes:
  1. Conditional Waiver & Release upon Progress Payment Information
  2. Conditional Waiver & Release upon Progress Payment form
State Law Compliance: Designed for use in all states
Number of Pages2
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#29284
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Waivers & Releases Combo Package Get 4 forms for just $39.95 Save 50%! Save money by purchasing the conditional and unconditional waivers and releases together in a convenient packet. For use in all states.

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