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Does a release of lein for final payment exclude me from disputing the remainder of a contract through arbitration?
I have a dispute with a contractor because my contract was terminated for unjustifiable cause. They want to pay me the final amount due but want me to sign a final payment lien release. i just want to know that if I sign this will it exclude me from filing the arbitration case? I am in Maryland, as well as the project and the GC.
This is the 'meat' of the form. Wording prior, and after is identification of the parties and signing etc...
Subcontractor/Materialman, its successors and assigns, in consideration of the below payment and other valuable consideration, receipt of which is hereby acknowledged, has released and by these presents does release and forever discharge the Development, Mulberry Estates, LLLP (the “Owner”), Maryland Department of Housing and Community Development (“First Lender”), United States of America acting through USDA Rural Housing Service (“Second Lender”), Community Development Administration (“Third Lender”), and General Contractor, their respective successors and assigns, of and from all actions, causes of actions, debts, accounts, agreements, judgments, claims and damages which it now has, or may hereafter have, by reasonof work performed and/or materials supplied and/or equipment furnished under agreement with the General Contractor.
Subcontractor/Materialman hereby acknowledges receipt of payment herein in the amount of $7,346.38 which completes payment in full for all work, material and services supplied at theDevelopment.
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So i would not be able to file for arbitration for the remainder of the contract? I was halfway through the project and they terminated my contract for no cause. The remainder was handed over to another contracter and I am being beat out of nearly $60K. The $7K is the amount they were supposed to pay me up to date, because we had reached 'substantial completion'.
I'm just wonder about the work performed, material supplied, and equipment furnished. they seem to be as of the date but not excluding the remainder.
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