An Unconditional Waiver and Release on Progress Payment is a formal document prepared by one party and presented to the other party with the promise not to pursue any legal action if provided with compensation for products already delivered and services already rendered. When you negotiate a progress payment, it means the other party will receive installments either when different stages of the project are completed or after the services have been provided in full. It is up to the claimant to agree to progress payment instead of suing the other party.
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