Additional Remedies – Use of Four Statutory Releases

18 minutes

Owners, contractors, and subcontractors may request one of four release forms in exchange for paying a contractor, subcontractor, or materials supplier of a private or public works construction project. These release forms act as indicators of payment or prospective payment that also surrender a potential claimant’s right to take important legal actions to obtain payment. The conditional waiver and release forms for progress payment and final payment indicate that payment has not yet cleared the bank. The unconditional waiver and release forms indicate that payment has already cleared the bank. Learn how to choose the appropriate form and complete it correctly to ensure you receive full and proper payment for your work and you do not release important claim rights until you are paid.

Four Forms Included

with bundle

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Video: Use of Four Statutory Releases

18min.

Form: Four Statutory Release Forms

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William L. Porter

Instructor

Specializing in construction law and labor and employment law, William Porter is also the President of Porter Law Group, Inc. He has practiced construction law for more than 25 years in private, state and federal construction claims before state and federal courts.

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