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Kayo Ko

Should I Sign A Lien Waiver Before Payment?

In the context of construction and contracting, should I consider signing a lien waiver before receiving payment for services rendered? Is it prudent to relinquish my right to file a lien in exchange for payment? What are the potential ramifications of such an action? Could signing a lien waiver provide any assurances or protections, or might it conversely expose me to unforeseen liabilities? Are there distinguishing factors that merit careful evaluation, such as the nature of the agreement or the financial stability of the party involved? Should I be particularly vigilant about the specific terms outlined within the waiver? How does the timing of this decision influence the overall security of my work? Moreover, could the absence of a waiver delay future payments, creating an ambiguous financial situation? It appears to be a complex dilemma, necessitating thorough scrutiny of both legal implications and personal circumstances. What insights can illuminate this intricate quandary?

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