Common use of UNCONDITIONAL WAIVER AND RELEASE Clause in Contracts

UNCONDITIONAL WAIVER AND RELEASE. UPON PROGRESS PAYMENT The undersigned has been paid in full for all labor, services, equipment, or material furnished to through , 2021 only and does not cover any retentions retained before or after the release date; extras furnished before the release date for which payment has not been received; and extras or items furnished after the release date. Rights based upon work performed or items furnished under a written change order which has been fully executed by the parties prior to the release date are covered by this release unless specifically reserved by the claimant in this release. This release of lien, stop notice, or bond right shall not otherwise affect the contract rights, including rights between the parties to the contract based upon a rescission, abandonment, or breach of the contract, or the right of the undersigned to recover compensation for furnished labor, services, equipment, or material covered by this release if that furnished labor, services, equipment, or material was not compensated by the progress payment. Before any recipient of this document relies on it, that party should verify evidence of payment to the undersigned. Dated: (Company Name) By: Title:

UNCONDITIONAL WAIVER AND RELEASE. UPON PROGRESS PAYMENT The undersigned has been paid in full for all labor, services, equipment, or material furnished to through , 2021 2022 only and does not cover any retentions retained before or after the release date; extras furnished before the release date for which payment has not been received; and extras or items furnished after the release date. Rights based upon work performed or items furnished under a written change order which has been fully executed by the parties prior to the release date are covered by this release unless specifically reserved by the claimant in this release. This release of lien, stop notice, or bond right shall not otherwise affect the contract rights, including rights between the parties to the contract based upon a rescission, abandonment, or breach of the contract, or the right of the undersigned to recover compensation for furnished labor, services, equipment, or material covered by this release if that furnished labor, services, equipment, or material was not compensated by the progress payment. Before any recipient of this document relies on it, that party should verify evidence of payment to the undersigned. Dated: (Company Name) By: Title: