ABSTRACT
In consideration of the sum of [insert amount of Contract Price plus all Price Adjustments], paid by [insert name of Sponsor], the receipt of which is hereby acknowledged, the undersigned hereby releases, waives and discharges any rights and claims that the undersigned now has or may have against the Sponsor Person or any Sponsor or Indemnitee arising out of or relating to the Facility or Work on account of labor performed, work done and/or material furnished.
