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Conditional Final Lien Release

Conditional Final Lien Release Template for Singapore

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Key Requirements PROMPT example:

Conditional Final Lien Release

"Need a Conditional Final Lien Release for a Singapore commercial building project worth SGD 5.2M, with final payment scheduled for March 2025, to be signed between ABC Construction Pte Ltd (contractor) and SingaProp Developments (owner)."

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Document background
A Conditional Final Lien Release is a crucial document in Singapore's construction industry that provides a formal mechanism for releasing payment security rights upon satisfaction of specified conditions, typically the receipt of final payment. Operating under Singapore's SOPA framework, this document protects both parties by ensuring that contractors maintain their security rights until payment is received while giving property owners assurance that no further claims will be made once payment is complete. The document is particularly important in large construction projects and typically includes details of the project, parties involved, payment amount, and specific conditions for the release to become effective.
Suggested Sections

1. Project Identification: Details of the construction project including address and project name

2. Parties Information: Identity of contractor/subcontractor and property owner

3. Payment Amount: Specific amount received or to be received

4. Scope of Release: Description of work or materials covered by the release

5. Conditional Terms: Specific conditions that must be met for the release to become effective

Optional Sections

1. Reservation of Rights: Used when certain claims or rights need to be preserved - applicable when there are disputed claims or potential future claims

2. Progress Payment Details: Reference to specific progress payments - applicable when release relates to specific progress payment periods

3. Third Party Rights: Rights of other parties affected by the release - applicable when subcontractors or suppliers are involved

Suggested Schedules

1. Payment Schedule: Detailed breakdown of payments made and outstanding

2. Work Completion Schedule: List of completed works covered by the release

3. Supporting Documents: Copies of relevant invoices, payment certificates, or other supporting documentation

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions


























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Industries

Building and Construction Industry Security of Payment Act (SOPA): Primary legislation governing payment claims and security of payment in the construction industry. Critical for understanding lien rights and payment security mechanisms in Singapore.

Contract Law of Singapore: Based on the Application of English Law Act, governs the fundamental aspects of contract formation and enforcement in Singapore.

Building and Construction Authority (BCA) Regulations: Regulatory framework relevant for construction projects and related payment matters in Singapore.

Companies Act of Singapore: Legislation governing corporate entities, relevant when parties to the lien release are companies.

Property Law Act: Legislation governing property rights and encumbrances in Singapore, essential for understanding property-related aspects of liens.

Limitation Act: Legislation that establishes time limits for various types of claims in Singapore's legal system.

Building Control Act: Legislation governing building works and construction standards, may be relevant depending on the nature of the construction work involved.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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