ACKNOWLEDGMENT AND RELEASE

I, ____________________________, contractor, for and in consideration of

the

payment

to

me

in

the

amount

of

______________________________________________________________________________
___ Pesos (P___________________), the receipt and sufficiency of which is
hereby acknowledged, do hereby release and discharge MR. AND MRS.
_____________________, from any and all claims arising from the Agreement on
the

Construction

of

2-Storey

Residential

______________________________________________________________.

Building
The

at
above-

mentioned amount constitutes full payment of such works or items.

Further, I hereby obligate myself to faithfully comply with our

construction contract and to finish the construction of the said residential
building within a reasonable period time in accordance with the agreed
specifications.

Signed this _____ day of ________________ at ______________________.

_______________________________

SUBSCRIBED AND SWORN to before me this ____ day of ____________

2016 at Cebu City, Philippines, parties exhibited to me their respective
competent evidence of identity.
Doc No. ____
Page No. ___
Book No. ___
Series of ____