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 a standardized legal document designed to release mechanic's liens, stop notices, or bond rights upon receipt of a progress payment for labor, services, equipment, or materials furnished for a specific job. The form is intentionally left blank for specific details to be filled in, including the maker of the check, payee, payment amount, owner, job description, location, customer, and date of work performed.

The waiver specifically notes that it only covers the progress payment through the specified date and does not include retention, extras, or items furnished after the release date. The document emphasizes that the release does not waive rights for work not yet fully executed or compensation for labor, services, equipment, or materials not covered by the current payment. The form follows a standard legal template that allows parties to conditionally release lien rights upon receiving a progress payment, providing a mechanism for contractors and subcontractors to manage financial transactions and legal protections during a project.