Lien waivers are everywhere in construction because they help everyone mitigate payment risk and avoid having to file a lien. Just because they are common, however, does not mean they are simple.
This short guide explains the four major types of lien waivers, when they should be used, and how to choose the right one for your unique situation. Exchanging a bad waiver can have major consequences. You might give up your lien rights without meaning to, make yourself personally liable, or wind up paying for the same work twice.
Download the guide for free and learn more about:
- The 4 types of lien waivers
- How to pick the right waiver and avoid excess financial risk
- The 12 states that require statutory (specific) lien waivers
- Legal jargon to watch out for in your lien waivers