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This document is a release form for the release of the lien and right of claim, signed by the Contractor in exchange for payment a full and final payment and the contractor asserts in the waiver he or she has in fact been paid the final payment.
The Contractor does hereby waive and release the Owner from any and all claims and liens and rights of liens upon the property described above, and upon improvements now or hereafter thereon, and upon the monies or other considerations due or to become due from the Owner or from any other person, firm or corporation, said claims, liens and rights of liens being on account of labor, services, materials, fixtures or apparatus heretofore furnished by the Contractor pursuant to the Agreement.
The Contractor further agrees to defend, indemnify and hold harmless the Owner for any losses, expenses (including attorney fees) should any such claim, lien or right of lien be asserted by the Contractor or by any its laborer, materialmen or subcontractor.
This document should be carefully read by the Owner and Contractor.
Both parties should sign and return a copy of this form. Once signed, both parties should get a copy of the signed form.
To avoid any future disputes, both parties may wish to have their signatures witnessed.