Business glossary
Lien waiver
A document that waives specified lien rights, subject to its wording and applicable law.
Example
A contractor may be asked to sign a document covering a specified payment, project and period. The precise rights waived and whether the waiver is conditional depend on the document and applicable law.
How it differs from related terms
A lien waiver is not merely a receipt or an invoice. Read the payment condition, scope and exclusions before signing; use the relevant jurisdiction's required form or qualified advice for a real project.
Frequently asked questions
What is an example of lien waiver?
A contractor may be asked to sign a document covering a specified payment, project and period. The precise rights waived and whether the waiver is conditional depend on the document and applicable law.
How should lien waiver be interpreted?
A lien waiver is not merely a receipt or an invoice. Read the payment condition, scope and exclusions before signing; use the relevant jurisdiction's required form or qualified advice for a real project.