Do I sign an unconditional waiver for a half of payment? How should I handle this?

2 weeks ago

GC isn’t paying us till he get a paid. Now they won’t get paid till I get a conditional waiver…but there is still almost $6k to be paid. Please advise
Vise

Managing Partner Prosperous Law Group, PC
3 reviews

If you sign the unconditional waiver then you risk waiving all of the moneys they owe you to date. Ex. if GC is making payments to you, but not for the full amount owed to date, an unconditional waiver that does not specify how much is being waived, will waive all of the amounts owed to date. If GC promises to only paying you $ XX for now, then do a conditional waiver for $XX only.

Disclaimer: The information provided here are for general knowledge purposes only and does not create an attorney-client relationship.
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