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Should i sign this Unconditional Waiver for a partial lien release?

Massachusetts

I am a supplier of lighting fixtures to a job site in MA. At the end of Dec 2021 they wanted to Prepay us $300,000.00. Which we received from our GC. They are now asking us to sign an Unconditional Waiver for the Partial payment. On the Waiver is a balance still owed to us on the project of $ 60,000.00 approx - however subject to change based on the project going forward for actual changes on the job and price increase. The question i have should we sign this knowing that Ttile has not passed on anything at this point on the project and the final prices are not yet in.

1 reply

Mar 11, 2022
I would modify the partial lien waiver to state that the remainder owed is subject to change. you can contact me to discuss it further. Andrea Goldman Law Group 64 Waverley Avenue Newton, MA 02458 617-953-3760 agoldman@goldmanlg.com www.GoldmanLG.com“Massachusetts Builders Blog” www.buildingconfidence-llc.blogspot.com "Home Contractor vs. Homeowner Blog" www.andreagoldmanlaw.blogspot.com
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