Lien Rights – Contract Tip of the Week

Q: Should I waive my lien rights?

A: We recommend that you speak with knowledgeable counsel on this matter, because lien rights vary substantially from state to state. It is industry standard, however, to waive your lien rights only when you have been paid in fully for services duly rendered.

The Risk Specialty Group and RLI Design Professionals are pleased to feature our Contract Tip of the Week series. Each week, we’ll review a question submitted by a design firm relating to the subject of contracts. Keep in mind, though, that these discussions are general in nature and in making specific business decisions, it’s important to review your options with a knowledgeable attorney.