Document background
The Conditional Lien Release is a crucial document in Irish construction and property development projects, used when a contractor, subcontractor, or supplier agrees to release their lien rights subject to specific conditions being met. This document type is particularly important in scenarios where staged payments or final payments are being made, and parties need to ensure their interests are protected throughout the transaction. The release becomes effective only when predetermined conditions, usually receipt of payment, are satisfied. Under Irish law, particularly the Construction Contracts Act 2013, this document helps manage risk and provides clarity in construction payment processes. The Conditional Lien Release includes specific details about the property, the original lien, payment terms, and release conditions, ensuring compliance with Irish property and construction law requirements.
