Deed Of Release Construction Contract

Deed Of Release Construction Contract Template for United States

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Key Requirements PROMPT example:

"I need a Deed of Release Construction Contract to formally conclude a residential building project in California, releasing both the general contractor and three subcontractors from their obligations, while maintaining a 2-year warranty period for structural elements starting March 2025."

Document background

The Deed of Release Construction Contract is utilized when parties wish to formally conclude their contractual relationship in a construction project. This document is particularly important in the United States construction industry as it provides legal certainty and closure for all parties involved. It typically follows the completion of construction work or resolution of disputes, and includes details about final payments, release of liens, and any surviving obligations. The deed serves as evidence that parties have discharged their duties under the original construction contract and protects against future claims, except for those specifically reserved.

Suggested Sections

1. Parties: Identification of all parties involved in the release, including the contractor, owner, and any other relevant parties

2. Background: Details of the original construction contract, project completion status, and circumstances leading to the release

3. Definitions: Key terms used in the deed of release including 'Contract', 'Project', 'Claims', 'Release Date'

4. Release Provisions: Specific terms of release including scope, mutual releases, waiver of claims, and effectiveness

5. Consideration: Details of any payment or other consideration for the release, including final payment amounts

6. Execution: Signature blocks, attestation requirements, and notarization provisions

Optional Sections

1. Continuing Obligations: Provisions specifying any obligations that survive the release, such as warranties or maintenance obligations

2. Dispute Resolution: Mechanisms for resolving any future disputes related to the release or surviving obligations

3. Indemnification: Provisions for ongoing indemnification obligations that survive the release

4. Confidentiality: Terms regarding the confidentiality of the release agreement and related matters

Suggested Schedules

1. Schedule A - Original Contract: Copy of the original construction contract being released

2. Schedule B - Payment Schedule: Details of any outstanding or final payments, including payment amounts and timing

3. Schedule C - Lien Releases: Forms and certificates for releasing any mechanics' or construction liens

4. Schedule D - Completion Certificate: Documentation certifying completion of construction work and final inspection results

5. Schedule E - Outstanding Claims: List of any known claims or disputes being released as part of the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 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

Agreement
Completion Date

Construction Works

Effective Date

Intellectual Property Rights

Project

Warranties

Clauses

Relevant Industries

Commercial Construction
Residential Construction
Infrastructure
Industrial Construction

Relevant Teams

Legal
Operations
Contracts
Finance
Risk Management

Relevant Roles

Construction Manager
Project Director
Contract Administrator
Legal Counsel
Chief Operating Officer

Industries

Miller Act: Federal law (40 U.S.C. �� 3131-3134) requiring performance bonds and payment bonds for federal construction projects

Contract Disputes Act: Federal legislation governing contract disputes involving federal government contracts

Fair Labor Standards Act: Federal law establishing standards for wages and overtime pay affecting construction workers

OSHA: Occupational Safety and Health Act requirements for construction safety and workplace conditions

State Construction Lien Laws: State-specific regulations governing mechanics' liens and other construction-related security interests

State Contractor Licensing Laws: State-specific requirements for contractor licensing and registration

State Building Codes: State-specific construction and building safety standards and requirements

State Prompt Payment Acts: State-specific laws governing timing and terms of payments in construction projects

Statute of Limitations: State-specific time limits for filing construction-related claims and disputes

Deed Execution Requirements: State-specific formal requirements for proper execution and notarization of deeds

Mechanics' Lien Release Requirements: State-specific procedures and forms for releasing construction liens

UCC Provisions: Uniform Commercial Code provisions relating to construction materials and equipment

Warranty Obligations: State-specific requirements for construction warranties and guarantees

Local Permit Requirements: Local jurisdiction requirements for construction permits and inspections

Scope of Release: Legal requirements for defining the extent of release (partial or full) in construction contracts

Payment Provisions: Requirements for addressing outstanding payments and payment terms in release documents

Indemnification Requirements: Legal standards for indemnification clauses in construction release documents

Insurance and Bonding: Requirements for maintaining insurance coverage and bonding obligations in construction releases

Dispute Resolution: Legal framework for establishing dispute resolution mechanisms in construction releases

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Let's create your Deed Of Release Construction Contract

Authors

Alex Denne

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