The Subcontractor Waiver And Release Form is commonly used in construction and engineering projects throughout England and Wales when a subcontractor has completed their work and received payment. This document serves as protection for both parties by clearly documenting the release of claims and confirming payment receipt. It's particularly important in complex projects where multiple subcontractors are involved and clear documentation of completion and payment is essential. The form typically includes details of the original contract, work completed, payments made, and specific claims being waived.
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1. Parties: Identifies the contractor and subcontractor
2. Background: References the original contract and circumstances leading to the waiver
3. Definitions: Defines key terms used in the waiver
4. Scope of Release: Details what claims or rights are being waived
5. Payment Confirmation: Confirms amounts paid and outstanding
6. Execution: Signature blocks and execution requirements
1. Retained Rights: Specifies rights explicitly not waived - use when certain rights need to be preserved
2. Conditions Precedent: Conditions that must be met before waiver becomes effective - use when waiver is contingent on specific events
3. Warranties: Warranties about claims being waived - use when additional assurance is needed
1. Schedule of Payments: Details of payments made and outstanding
2. List of Claims: Specific claims being waived
3. Project Details: Information about the relevant construction project
Relevant legal definitions
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