Conditional Waiver and Release Upon Final Payment

(California Civil Code Section Section 3262(d)(3))

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Re: NASSCO Purchase Order No. ______________, dated ____________.

Upon receipt by the undersigned of a check from ____________________ in the sum of $________ payable to ____________________________ and when the check has been properly endorsed and has been paid by the bank upon which it is drawn, this document shall become effective to release any mechanic’s lien, stop notice, or bond right the undersigned has on the job of ______________________________________located at NASSCO, 2798 Harbor Drive, San Diego, CA 92113 (Owner) for _______________________________(Job Description)

This release covers the final payment to the undersigned for all labor, services, equipment, or material furnished on the job, except for disputed claims for additional work in the amount of $__________. Before any recipient of this document relies on it, the party should verify evidence of payment to the undersigned.


Dated: ____ ______________________________
                    (Company Name)


By: _____________________________________