Payment Affidavit Clause Samples

A Payment Affidavit clause requires a party, typically a contractor or supplier, to formally declare that all payments due to subcontractors, suppliers, and laborers have been made before receiving final payment. In practice, this involves submitting a notarized statement or sworn document as evidence of payment compliance, often as a condition for the release of retainage or final funds. The core function of this clause is to protect the project owner from potential liens or claims by ensuring that all parties involved in the project have been properly compensated.