Tagged: 

conditional progress

1 month ago

Conditional Progress lien waiver in the Exceptions portion where it says Dates of waiver and release is that the date through on the previous waiver that it was signed or the date through that the billing was done for?

Managing Partner Gibbs Giden LLP

Typically, the exceptions section of a conditional waiver and release upon progress payment allow you to write-in and carve out from the release prior billings that remain unpaid despite the present waiver and release. In other words (and for example), it is possible to properly release all claims through July 31, 2019 in exchange for payment in the sum of $75,000, EXCEPT for specific invoices that composed the amount of a previously submitted waiver and release dated June 30, 2019 in the amount of $100,000. I hope this makes sense.

—CN

(NOTE: The information presented here is general in nature and is not intended nor should be construed as legal advice for any particular case or client. The content contained herein is published online for informational purposes only, may not reflect the most current legal developments, verdicts or settlements, and does not constitute legal advice. Do not act on the information contained herein without seeking the advice of licensed counsel. This posting does not create any attorney-client relationship and is neither intended to constitute an advertisement nor a solicitation).

Disclaimer: NOTE: The information presented here is general in nature and is not intended nor should be construed as legal advice for any particular case or client. The content contained herein is published online for informational purposes only, may not reflect the most current legal developments, verdicts or settlements, and does not constitute legal advice. Do not act on the information contained herein without seeking the advice of licensed counsel. This posting does not create any attorney-client relationship and is neither intended to constitute an advertisement nor a solicitation.
Your answer or comment:
Are you a Registered Expert?
You are not logged in and will be posting
anonymously. Log in Now