Common use of Acceptance of Final Payment a Waiver Clause in Contracts

Acceptance of Final Payment a Waiver. Acceptance by Design/Builder of final payment shall constitute a waiver and release of all claims against Owner by Design/Builder except for those claims previously made in writing against Owner by Design/Builder, pending at the time of final payment and specifically identified on Design/Builder's pay request for final payment as unsettled at the time it submits its pay request.

Acceptance of Final Payment a Waiver. Acceptance by Design/Builder of final payment shall constitute a waiver and release of all claims against Owner by Design/Builder except for those claims previously made in writing against Owner by Design/Builder, pending at the time of final payment and specifically identified on Design/Builder's ’s pay request for final payment as unsettled at the time it submits its pay request.