What types of waivers and releases are used in construction contracts?

Waivers and releases are important documents included in construction contracts in Washington. A waiver is a document that waives or gives up a certain right. This means that one party agrees to not invoke or use a certain right they have. A release is a document that releases one party from all claims or liabilities that the other party may have against them. Waivers and releases can be used in various ways throughout a construction project. A waiver of lien is commonly used in Washington, which waives the right of a contractor or subcontractor to claim a lien against the property of the owner. This document is important because it assures the owner that they will not have to pay the contractor twice for the same work. In order to get paid, the contractor must sign a waiver of lien before payment is released. Another type of waiver used in construction contracts is a waiver of subrogation. This waiver states that if one party is damaged by the negligence of the other party, neither party can turn to the insurance company for reimbursement. This waiver is important for both parties to protect their own interests. Release documents are important in construction contracts in Washington. A release of claims document is commonly used, which releases one party from liability from any claims the other party may have against them. This document is used to protect both parties and make sure that one party does not sue the other for damages. Overall, waivers and releases are a necessary part of construction contracts in Washington. They help protect both parties and make sure that one party does not have to pay the other twice. It is important to understand and use these documents correctly to ensure the best outcome for both parties involved.

What types of waivers and releases are used in construction contracts?

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