Construction Lien Waiver
Legal document waiving contractor's right to place liens on property in exchange for payment. Protects property owners from future claims while ensuring contractors receive compensation for completed work.
Key Clauses
Scope of Services
Defines the specific services, deliverables, and performance standards required under the agreement.
Compensation and Payment
Establishes fee structures, payment schedules, invoicing procedures, and late payment penalties.
Term and Termination
Sets the agreement duration, renewal options, and conditions under which either party may terminate.
Confidentiality
Protects proprietary information and trade secrets shared between the parties during the engagement.
Indemnification
Allocates liability and requires each party to hold the other harmless from specified claims and damages.
Use This Template
When You Need This
- Final payment to general contractor upon project completion
- Progress payment to subcontractors after milestone completion verification
- Material supplier payment after delivery and installation confirmation
- Protecting property from future lien claims by unpaid contractors