Contractor's Final Release And Waiver Of Lien

Contractor's Final Release And Waiver Of Lien Template for England and Wales

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Key Requirements PROMPT example:

"I need a Contractor's Final Release and Waiver of Lien for a commercial office building project in Manchester, where the contractor has completed all works and received final payment of £2.5M on January 15, 2025, with no outstanding claims or defects to be addressed."

Document background

The Contractor's Final Release And Waiver Of Lien is a crucial document in construction and development projects governed by the laws of England and Wales. It is typically executed when a project or phase is complete and final payment has been made. The document provides assurance to property owners that no further claims will be made against the property and that all financial obligations have been satisfied. It includes specific details about the project, payment confirmation, and explicit waiver of lien rights, protecting all parties involved from future disputes.

Suggested Sections

1. Project Identification: Details of the specific project including address and contract reference

2. Release Statement: Clear statement of release of claims and liens

3. Payment Confirmation: Acknowledgment of final payment received

4. Scope of Release: Specific details of what claims and rights are being released

5. Execution Block: Signature blocks for all parties

Optional Sections

1. Reservation of Rights: Section used when certain claims or rights need to be preserved from the release

2. Conditional Release Provisions: Section making the release conditional upon specific events such as future payment or action

3. Subcontractor Releases: Section containing confirmation of releases from subcontractors when project involves significant subcontractor work

Suggested Schedules

1. Schedule of Outstanding Works: List of any remaining minor works or defects to be remedied

2. Payment Schedule: Details of final payment amounts and any retained sums

3. List of Subcontractor Releases: Copies of releases obtained from subcontractors

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

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Let's create your Contractor's Final Release And Waiver Of Lien

Authors

Alex Denne

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