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Owners should demand this release when they are paid in full. Some states allow an Unconditional Release upon final payment that is used to induce the final payment. It is an inherent vagary in the lien release law. In the United States, some states only use a conditional waiver on progress payment and an unconditional waiver on final payment.
Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. It is one of the methods by which parties to a contract may terminate their agreement. The release is completed by the transfer of valuable consideration that must not be the actual performance of the obligation itself. [1]
An assignment does not necessarily have to be made in writing; however, the assignment agreement must show an intent to transfer rights. The effect of a valid assignment is to extinguish privity (in other words, contractual relationship, including right to sue) between the assignor and the third-party obligor and create privity between the obligor and the assignee. [1]
A former TD Bank employee based in Florida was arrested and charged with facilitating money laundering to Colombia, New Jersey's attorney general said on Wednesday, in the first such arrest since ...
New York City woke up to its first white Christmas in 15 years. But only a few areas of the U.S. are likely to see snow in the weather forecast for Christmas 2024.
Celler's final report suggested that the U.S. Congress should take no action, allowing for the matter to be settled in the federal judiciary of the United States. The Supreme Court of the United States upheld MLB's antitrust exemption and the reserve clause in Toolson v. New York Yankees, Inc. in 1953. [4]
Donald Trump mocked Canadian Prime Minister Justin Trudeau after his top minister’s surprise resignation following a clash on how to handle the president-elect’s looming tariffs.
PDF 2.0 defines 256-bit AES encryption as the standard for PDF 2.0 files. The PDF Reference also defines ways that third parties can define their own encryption systems for PDF. PDF files may be digitally signed, to provide secure authentication; complete details on implementing digital signatures in PDF are provided in ISO 32000-2.