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The Conditional Waiver And Release On Final Payment Form is a critical document in South African construction and development projects, typically used at the conclusion of construction work or service delivery. It serves as a legal mechanism to protect both the paying party and the party receiving payment by clearly establishing that all claims, liens, and rights related to the project are waived, but only upon receipt of the specified final payment. This document is particularly important in South African jurisdiction where construction law combines elements of common law with statutory requirements. It includes detailed information about the parties involved, project specifications, payment amounts, and any specific conditions or exceptions to the release. The form is designed to comply with South African construction industry regulations and practices, while providing clear documentation of the final payment arrangement and associated release of claims.

1. Parties: Identification of the Claimant (contractor/subcontractor/supplier) and the Paying Party (owner/contractor), including their full legal names, registration numbers, and addresses

2. Background: Brief context of the construction project, reference to the original contract, and the basis for the final payment claim

3. Definitions: Key terms used in the document including 'Final Payment', 'Project', 'Contract', 'Conditional Waiver', and other relevant terms

4. Project Information: Details of the construction project including project name, location, and reference numbers

5. Payment Amount: Specification of the final payment amount and any previous payments made

6. Conditional Waiver Statement: The core waiver language stating that rights are waived only upon receipt of the specified payment

7. Exceptions and Reservations: Any claims or rights specifically excluded from the waiver

8. Representations and Warranties: Claimant's confirmation regarding payment to subcontractors and suppliers, and authority to execute the waiver

9. Execution: Signature blocks, date, and notarization requirements