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Conditional Final Lien Waiver

Conditional Final Lien Waiver Template for Singapore

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Key Requirements PROMPT example:

Conditional Final Lien Waiver

"I need a Conditional Final Lien Waiver for a Singapore residential construction project worth SGD 2.5 million, where final payment will be made in March 2025, with a 5% retention amount to be released after the defects liability period."

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Document background
The Conditional Final Lien Waiver is a critical document in Singapore's construction and property development sector, used when a contractor or supplier is ready to waive their lien rights upon receipt of final payment. It provides protection for both the payor and payee by ensuring that payment and lien release occur simultaneously. Under Singapore law, particularly SOPA, this document helps manage payment security and project completion risks. The document typically includes payment details, project information, and specific conditions that must be met for the waiver to take effect.
Suggested Sections

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

2. Parties: Identification of contractor/subcontractor and property owner

3. Payment Amount: Specific amount received or to be received as final payment

4. Waiver Statement: Formal statement waiving lien rights upon receipt of payment

5. Conditions: Specific conditions that must be met for the waiver to become effective

Optional Sections

1. Excluded Claims: List of any claims specifically excluded from the waiver, used when certain disputes remain unresolved

2. Retention Amount: Details of any retained amounts, included when retention is applicable

3. Previous Payments: Summary of previous payments, used in complex projects with multiple payment phases

Suggested Schedules

1. Payment Schedule: Detailed breakdown of payment amounts and dates

2. Project Scope: Description of work completed under the contract

3. Supporting Documents: Copies of relevant invoices or payment certificates

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

























Clauses




















Industries

Building and Construction Industry Security of Payment Act (SOPA): Primary legislation governing payment claims and payment security in the construction industry. Regulates the right to progress payments and sets out the framework for payment claims and responses.

Singapore Contract Law: Part of Singapore's common law system that governs the basic principles of contract formation and enforcement. Particularly relevant for the conditional nature of the waiver.

Limitation Act: Sets time limits for bringing claims and important for understanding when lien rights expire.

Companies Act: Relevant when dealing with corporate entities and important for verification of signing authority.

Law of Property Act: Governs real property rights and relevant for understanding property liens.

Building Control Act: May be relevant depending on the nature of the construction work involved in the project.

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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