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What type of waiver prohibits further requests for payment once signed?

  1. Conditional waiver

  2. Unconditional waiver

  3. Partial waiver

  4. Final waiver

The correct answer is: Unconditional waiver

The unconditional waiver is designed to fully release the obligation for further payment once it has been signed. This type of waiver signals that the party providing the waiver acknowledges receipt of payment and agrees to waive any future claims against the payer for the same work or services rendered. By signing an unconditional waiver, the contractor or supplier relinquishes the right to request additional payments for the scope of work covered in that specific payment. In the context of construction contracts, understanding the implications of such waivers is crucial. They can affect cash flow and payment disputes significantly. Other types of waivers, such as conditional waivers, only waive rights upon the actual receipt of payment, meaning they do not provide the same level of assurance to the payer that no further claims will be made. Partial waivers may only release a portion of the claim, while final waivers typically act as a comprehensive release of claims for the final payment or completion of the contract. However, the unconditional waiver is definitive in nullifying any further payment requests once executed.