3-Conditional_Waiver_and_Release_(upon_Progress_Payment).pdf

This document is a Conditional Waiver and Release Upon Progress Payment form under California Civil Code Section 3262 (d)(1). The form is designed to be executed when a progress payment is made for labor, services, equipment, or materials furnished to a specific job or project. It serves as a legal document that allows the claimant to release any Mechanic's Lien, Stop Notice, or Bond Right upon receipt and endorsement of a check, with the understanding that the release covers work completed through a specified date.

The waiver specifically notes that it does not cover retention, extras, or items furnished after the release date, and does not affect broader contract rights between parties. The document requires completion of key details such as the maker of the check, payee, owner, job description, location, and customer. A critical note at the bottom explains that the waiver is valid only when the claimant is either paid in exchange for the release or provides the release in anticipation of payment, ensuring a clear transactional context for the lien release.