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Contractor's Final Release And Waiver Of Lien
"I need a Contractor's Final Release and Waiver of Lien for a residential development project in Amsterdam, where we're working with multiple subcontractors and need to ensure all claims are properly released before making the final payment of €2.5 million in March 2025."
1. Parties: Identification of the Contractor (lien waiver provider) and the Owner/Principal (beneficiary of the waiver)
2. Background: Details of the original contract, project description, and context for the waiver
3. Definitions: Key terms used in the document, including 'Project', 'Contract', 'Lien', 'Final Payment', and 'Claims'
4. Acknowledgment of Payment: Confirmation of receipt of final payment and total amount received under the contract
5. Release and Waiver: Core section detailing the scope of claims and liens being released and waived
6. Representations and Warranties: Contractor's confirmations regarding payment to subcontractors, absence of outstanding claims, and authority to execute
7. Governing Law and Jurisdiction: Specification of Dutch law as governing law and jurisdiction for disputes
8. Execution: Signature blocks and execution requirements
1. Reservation of Rights: Optional section preserving specific rights or claims, used when certain matters are explicitly excluded from the waiver
2. Subcontractor Confirmation: Used when confirmation of payment to all subcontractors is required as part of the release
3. Notarization: Required if the document needs to be notarized for registration or enforceability purposes
4. Conditional Release Provisions: Used when the release is conditional upon certain events or payment clearance
5. Insurance Claims: Optional section addressing treatment of insurance claims and rights, used when insurance matters need separate handling
1. Schedule A - Project Details: Detailed description of the project, including location, scope, and relevant contract references
2. Schedule B - Payment Summary: Breakdown of all payments received under the contract, including the final payment
3. Schedule C - Subcontractor List: List of all subcontractors and suppliers, with confirmation of their payment status
4. Appendix 1 - Original Contract Reference: Copy or summary of the original contract details being referenced
5. Appendix 2 - Supporting Documents: Any required supporting documentation such as payment proofs or subcontractor releases
Authors
Construction
Real Estate
Infrastructure
Commercial Development
Residential Development
Industrial Construction
Civil Engineering
Architecture
Property Development
Building Materials
Engineering Services
Facilities Management
Legal
Construction
Project Management
Operations
Finance
Procurement
Risk Management
Commercial
Property Development
Contract Administration
Construction Manager
Project Manager
Contract Manager
Legal Counsel
Property Developer
Site Manager
Procurement Manager
Finance Director
Commercial Director
Operations Manager
Development Manager
Facilities Manager
General Counsel
Risk Manager
Claims Manager
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