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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]
The 18 million total payments, which equal $9.5 billion, represent the largest relief program of its kind in California state history. In a press release issued the day before the first MCTR ...
The city of Pomona is the latest California locality to offer unconditional cash to some residents in hopes of providing much-needed budgetary breathing room to residents still recovering ...
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Brandy's first release in four years, "Right Here (Departed)" premiered via Brandy's official webpage on August 13, 2008, [10] and officially serviced to US radio on August 25, 2008. [16] It debuted at number 83 on the US Billboard Hot 100 issue dated September 27, 2008, being the fourth-highest new entry of the week. [ 17 ]
The Delaware judge considering whether a vote by Tesla shareholders reinstated Elon Musk's $56 billion pay package which the court had voided will try to issue a ruling this year, according to the ...
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