Structural Release Template

STRUCTURAL RELEASE AGREEMENT

This Structural Release Agreement (the "Agreement") is made as of by and between:

RECITALS

WHEREAS, Releasor retained Releasee to perform structural work described as structural evaluation, repair, modification, or construction at the property located at (the "Project");

WHEREAS, the parties entered into one or more agreements, change orders, or work authorizations regarding the Project, dated on or about (collectively, the "Contract");

WHEREAS, in consideration of the payments and covenants set forth herein and to resolve and release any and all claims, disputes, liens, or liabilities arising out of or relating to the Contract or the structural work through the Effective Date, the parties wish to set forth their mutual releases and obligations in writing.

SCOPE OF WORK

CONSIDERATION AND PAYMENT TERMS

In full consideration for the releases and covenants by Releasor, Releasee shall receive payment as set forth below. Releasor acknowledges receipt of the sums described below or agrees to remit payment in accordance with the Payment Schedule.

Late payments shall incur interest at the rate of % per month, calculated on the outstanding balance from the due date until paid in full. If a specific flat late fee applies, specify:

RELEASE

Upon receipt of the Total Consideration (or as otherwise specified in the Payment Schedule), Releasor, on behalf of Releasor and Releasor's successors, assigns, agents and insurers, hereby fully and forever releases and discharges Releasee, its parents, subsidiaries, affiliated entities, officers, directors, agents, employees, contractors and insurers (collectively, "Released Parties") from any and all claims, demands, actions, causes of action, liens, rights, obligations, debts, liabilities, losses, judgments and expenses (including attorneys' fees) whether known or unknown, suspected or unsuspected, which Releasor has, may have, or claims to have, arising out of or relating to the Contract, the Scope of Work, or the Project through the Effective Date.

Notwithstanding the foregoing, this release does not bar claims arising from Releasee's gross negligence, willful misconduct, or fraud, provided that such claims are particularized with specificity and supported by contemporaneous evidence.

LIEN WAIVER

Contemporaneous with or upon final payment specified herein, Releasee shall execute and deliver to Releasor a conditional or unconditional lien waiver, as applicable, stating that Releasee releases any and all mechanic's, materialmen's or contractor's liens and claims against the Project to the extent associated with the work performed through the Effective Date.

TERM AND TERMINATION

This Agreement commences on the Effective Date and shall continue until fully performed by both parties or terminated as set forth below.

CONFIDENTIALITY

The parties agree that terms, payment amounts, and non-public technical or business information exchanged in connection with this Agreement shall be treated as confidential and shall not be disclosed to third parties except as required by law, court order, or to enforce the terms of this Agreement. Confidentiality obligations survive termination or expiration of this Agreement for a period of years.

Confidentiality applies: Yes

INDEMNITY AND WARRANTY

Releasee warrants that to the best of its knowledge the Scope of Work was performed in a workmanlike manner in accordance with industry standards. Releasee agrees to indemnify and hold harmless Releasor from third-party claims to the extent caused by Releasee's negligent acts or omissions in performing the Scope of Work, except to the extent such claims are released by this Agreement.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to its conflicts of law principles.

ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, representations, and understandings of the parties, whether written or oral. No modification of this Agreement shall be binding unless executed in writing by both parties.

SEVERABILITY; SURVIVAL

If any provision of this Agreement is held invalid or unenforceable, the remaining provisions shall remain in full force and effect. The representations, indemnities, confidentiality obligations, and release provisions shall survive termination or expiration of this Agreement.

ACKNOWLEDGMENT

Each party acknowledges that it has read this Agreement, understands its terms, and executes it voluntarily and with full knowledge of its legal effect. Each signatory represents that they are authorized to bind the party for whom they sign.

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