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How lien waivers can benefit entire projects

from By Nate Budde

The mechanics lien is a powerful legal tool available to construction parties, but often parties fear filing a lien may create bad blood or destroy a business relationship. Lien waivers exist to benefit all parties involved on construction projects and help avoid nasty situations. Getting paid quickly (what lower-tiered parties want) and keeping the project free of lien claims as well as avoiding double payment (what the upper-tiered parties want) intersect at lien waivers. more

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