SWORN STATEMENT of ACCOUNT from LIENOR to CONTRACTORCORPORATION Form

What is the sworn statement of account from lienor to contractor corporation?

The sworn statement of account from lienor to contractor corporation is a legal document used in the construction industry. It serves as a declaration by a lienor, typically a subcontractor or supplier, affirming the amounts owed for services or materials provided to a contractor. This document is crucial for ensuring that all parties involved in a construction project are aware of financial obligations and can help prevent disputes related to payments. By providing a clear account of what is owed, it establishes transparency and accountability in financial transactions.

Key elements of the sworn statement of account from lienor to contractor corporation

This form includes several essential components that must be accurately completed to ensure its validity:

• Identification of parties: Names and addresses of the lienor and contractor corporation.
• Detailed account of services or materials: A breakdown of the services rendered or materials supplied, including dates and descriptions.
• Total amount due: The total monetary amount that the contractor owes to the lienor.
• Signature and date: The lienor must sign and date the document, affirming the accuracy of the information provided.

Steps to complete the sworn statement of account from lienor to contractor corporation

Completing the sworn statement of account involves several straightforward steps:

1. Gather necessary information about the services or materials provided.
2. Fill in the names and addresses of both the lienor and contractor corporation.
3. Detail the services or materials, including dates and descriptions.
4. Calculate and enter the total amount due.
5. Review the document for accuracy and completeness.
6. Sign and date the form to validate it.

Legal use of the sworn statement of account from lienor to contractor corporation

This document plays a significant role in legal proceedings related to construction contracts. It can be used to enforce payment obligations and may be presented in court if disputes arise. The sworn statement serves as evidence of the lienor's claims and can be critical in securing payment. Understanding its legal implications helps parties protect their rights and interests within the construction industry.

How to obtain the sworn statement of account from lienor to contractor corporation

Obtaining this form typically involves contacting the contractor corporation directly or accessing it through legal or industry-specific resources. Many construction associations and legal websites provide templates or examples of the sworn statement. It is essential to ensure that the form complies with local regulations and includes all necessary information to be legally binding.

Examples of using the sworn statement of account from lienor to contractor corporation

Practical applications of this form include:

• A subcontractor submitting a sworn statement to ensure timely payment for completed work.
• A supplier providing a sworn statement to confirm the delivery of materials and request payment.
• Documenting financial transactions for auditing purposes to maintain transparency in the construction project.