Conditional Waiver and Release on Final Payment
On receipt by the signer of this document of payment from Rainy Day Restoration & Roofing in the amount of the final invoice submitted above, payable to the Company Name entered above, and when the payment has been properly endorsed, deposited, cleared, or otherwise successfully paid by the bank or payment provider, this document becomes effective to release any mechanic’s lien right, any right arising from a payment bond that complies with a state or federal statute, any common law payment bond right, any claim for payment, and any rights under any similar ordinance, rule, or statute related to claim or payment rights for persons in the signer’s position that the signer has on the property associated with the work order submitted above, to the following extent: the work, labor, services, equipment, or materials included in this final invoice and work order.
This release covers the final payment to the signer for all labor, services, equipment, or materials furnished to the property or to Rainy Day Restoration & Roofing.
Before any recipient of this document relies on this document, the recipient should verify evidence of payment to the signer.
The signer warrants that the signer has already paid or will use the funds received from this final payment to promptly pay in full all of the signer’s laborers, subcontractors, materialmen, and suppliers for all work, materials, equipment, or services provided for or to the above referenced project up to the date of this waiver and release.
