Lien Waivers Required Clause Samples
The 'Lien Waivers Required' clause mandates that contractors or subcontractors must provide lien waivers as a condition for receiving payment. In practice, this means that before a contractor is paid for work performed or materials supplied, they must submit a signed document waiving their right to file a lien against the property for that payment. This process helps ensure that property owners are protected from potential claims or liens by contractors or suppliers, thereby reducing the risk of legal disputes over unpaid work or materials.
Lien Waivers Required. Vendor shall provide Owner with lien waivers/ releases, in a form acceptable to Owner, from Vendor and from all of its subcontractors, suppliers, materialmen, and their agents, employees, servants, or subcontractors (collectively, “Subcontractors”) evidencing that Vendor and all such Subcontractors have been paid in full. Such lien waivers/releases shall be a condition precedent for Vendor to receive final payment in accordance with Sections 9.10 and 9.10.2.
Lien Waivers Required. Consultant shall provide Owner with ▇▇▇▇ ▇▇▇▇▇▇▇/ releases, in a form acceptable to Owner, from Consultant and from all of its subcontractors, suppliers, materialmen, and their agents, employees, servants, or subcontractors (collectively, “Subcontractors”) evidencing that Architect and all such Subcontractors have been paid in full. Such lien waivers/releases shall be a condition precedent for Architect to receive final payment in accordance with Sections 9.10 and 9.10.2. »
Lien Waivers Required. Design-Builder shall provide Owner with lien waivers/ releases, in a form acceptable to Owner, from Design- Builder and from all of its subcontractors, suppliers, materialmen, and their agents, employees, servants, or subcontractors (collectively, “Subcontractors”) evidencing that Design-Builder and all such Subcontractors have been paid in full. Such lien waivers/releases shall be a condition precedent for Design-Builder to receive final payment in accordance with Sections 9.10 and 9.10.2.