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Arizona Unconditional Waiver And Release On Progress Payment

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Arizona Unconditional Waiver And Release On Progress Payment
Arizona Unconditional Waiver And Release On Progress Payment
Where the claimant is required to execute a waiver and release in exchange for or in order to induce the
payment of a progress payment and the claimant asserts in the waiver that it has been paid the progress payment, the waiver and
release shall follow substantially the following form:
ARIZONA LIEN WAIVER AND RELEASE FORM
UNCONDITIONAL WAIVER AND RELEASE ON PROGRESS PAYMENT
(Pursuant to A.R.S. 33-1008)
Project:_____________________________________________
Job No.:_____________________________________________
The undersigned has been paid and has received a progress payment in the sum of $_________
for all labor, services, equipment, or material furnished to the jobsite or to_________________
__________________________________________(Person with whom undersigned contracted) on the
job of____________________________________________________(Owner) located at
______________________________________________________(Job Description) and does hereby
release any to mechanic's lien, any state or federal statutory bond right, any private
bond right, any claim for payment and any rights under any similar ordinance, rule or
statute related to claim or payment rights for persons in the undersigned's position that the
undersigned has on the above referenced project to the following extent. This release covers
a progress payment for all labor, services, equipment or materials furnished to the jobsite or
to___________________________________________________________(Person with whom
undersigned contracted) through___________________________(Date) only and does not
cover any retention, pending modifications and changes or items furnished after that date.
The undersigned warrants that he either has already paid or will use the monies he receives
from this progress payment to promptly pay in full all his laborers, subcontractors,
materialmen and suppliers for all work, materials, equipment or services provided for or to
the above-referenced project up to the date of this waiver.
Date:_____________________ _______________________________________________
(Company Name)
By:_____________________________________________
(Signature)
______________________________________________
(Title)
(Each Unconditional Waiver shall contain the following language, in type at least as large as the largest type
otherwise on the document:)
NOTICE: THIS DOCUMENT WAIVES RIGHTS UNCONDITIONALLY AND STATES
THAT YOU HAVE BEEN PAID FOR GIVING UP THOSE RIGHTS. THIS DOCUMENT
IS ENFORCEABLE AGAINST YOU IF YOU SIGN IT, EVEN IF YOU HAVE NOT BEEN
PAID. IF YOU HAVE NOT BEEN PAID, USE A CONDITIONAL RELEASE FORM.
Arizona Unconditional Waiver And Release On Progress Payment