Conditional Waiver & Release upon Progress Payment (India)

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This Conditional Waiver and Release Upon Progress Payment is designed for use in India. This form is available for immediate download.

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This Conditional Waiver and Release Upon Progress Payment is generally used in the construction industry but can be used in other situations. This release requires a claimant to execute a waiver and release in exchange for a progress (not final) payment and to release any mechanic’s lien, stop order or bond. It is important that evidence of payment be verified before this waiver and release is signed.

This lawyer-prepared packet includes:
  1. General Information
  2. Conditional Waiver and Release Upon Progress Payment for use in India
Law Compliance: This form complies with the laws of the states and territories of India
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Conditional Waiver and Release
Upon Progress Payment
(India)

 

 

Upon receipt by the undersigned of a cheque from ________________________________
__________________ [Maker of the Cheque] in the sum of Rs.___________ [Sum of Cheque]
Payable to ___________________________________________ [Person Receiving Cheque] and when the cheque has been properly endorsed and has been paid by the bank upon which it is drawn, this document shall become effective to release any mechanics lien, stop notice, or bond right the undersigned has on the job of ____________________
_______________________ [Owner] located at _________________________________
_______________________ [Job Description] to the following extent.
 
This release covers a progress payment for labour, services, equipment, or material furnished to _________________________________________ [Your Customer] through ____________ [Date] only and does not cover any retentions retained before or after the release date; extras furnished before the release date for which payment has not been received; extras or items furnished after the release date. Rights based upon work performed or items furnished under a written change order which has been fully executed by the parties prior to the release date are covered by this release unless specifically reserved by the claimant in this release. This release of any mechanics lien, stop notice, or bond right shall not otherwise affect the contract rights, including rights between parties to the contract based upon a rescission, abandonment, or breach of the contract, or the right of the undersigned to recover compensation for furnished labour, services, equipment, or material covered by this release if that furnished labour, services, equipment or material was not compensated by the progress payment. Before any recipient of this document relies on it, said party should verify evidence of payment to the undersigned.
 
 
Dated: ________________
 
By: ______________________________________
      [Name of Person Granting Release]
 
       ______________________________________
                [Title]
 
        ______________________________________
         [Company Name]
Number of Pages4
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#34072
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Conditional Waiver and Release
Upon Progress Payment
(India)

 

 

Upon receipt by the undersigned of a cheque from ________________________________
__________________ [Maker of the Cheque] in the sum of Rs.___________ [Sum of Cheque]
Payable to ___________________________________________ [Person Receiving Cheque] and when the cheque has been properly endorsed and has been paid by the bank upon which it is drawn, this document shall become effective to release any mechanics lien, stop notice, or bond right the undersigned has on the job of ____________________
_______________________ [Owner] located at _________________________________
_______________________ [Job Description] to the following extent.
 
This release covers a progress payment for labour, services, equipment, or material furnished to _________________________________________ [Your Customer] through ____________ [Date] only and does not cover any retentions retained before or after the release date; extras furnished before the release date for which payment has not been received; extras or items furnished after the release date. Rights based upon work performed or items furnished under a written change order which has been fully executed by the parties prior to the release date are covered by this release unless specifically reserved by the claimant in this release. This release of any mechanics lien, stop notice, or bond right shall not otherwise affect the contract rights, including rights between parties to the contract based upon a rescission, abandonment, or breach of the contract, or the right of the undersigned to recover compensation for furnished labour, services, equipment, or material covered by this release if that furnished labour, services, equipment or material was not compensated by the progress payment. Before any recipient of this document relies on it, said party should verify evidence of payment to the undersigned.
 
 
Dated: ________________
 
By: ______________________________________
      [Name of Person Granting Release]
 
       ______________________________________
                [Title]
 
        ______________________________________
         [Company Name]

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