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Unconditional final waiver final payment – The safest waiver for owners, this waiver generally releases all rights of the claimant to place a mechanics lien on the owners property unconditionally. It is immaterial if the payment check has been returned or stopped payment. Claimants should issue this type of release only when they are positive ...
A lien release, also known as a release of lien or a cancellation of lien, is a document that may be voluntarily provided by a lien claimant, such as a subcontractor, in exchange for payment or a promise of payment from a general contractor or a property owner. Negotiations may be tricky, as lien claimants generally want to be paid before they ...
Clients withhold retention against main contractors and main contractors withhold payment against sub-contractors. [3]: 16 Retentions typically take the form of a percentage on the contract value. [3]: 18 The rate can vary wildly but is typically around 5%. The general state of the economy can affect the rates set: in a buoyant economy with ...
In law, set-off or netting is a legal technique applied between persons or businesses with mutual rights and liabilities, replacing gross positions with net positions. [1] [2] It permits the rights to be used to discharge the liabilities where cross claims exist between a plaintiff and a respondent, the result being that the gross claims of mutual debt produce a single net claim. [3]
Grant Nelson had 23 points and 10 rebounds in his return to his home state and No. 6 Alabama overcame Treysen Eaglestaff's big night to hold off North Dakota 97-90 on Wednesday night. Mark Sears ...
For example, in Ohio, a vehicle owner who wishes to sell a car that has an ELT must first have the lien released by paying the lienholder the remaining amount owed on the lien. The lienholder then releases their lien electronically which allows the customer to pick up the title directly from the Ohio BMV on the following business day. Some ...
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