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The Waiver and Release of Lien Form is a critical document in Philippine construction and real estate transactions, designed to protect both property owners and service providers. It is commonly used when a contractor, subcontractor, or supplier has completed their work or delivered materials and received payment, thereby waiving their right to file a mechanical or construction lien against the property. This document must comply with Philippine Civil Code provisions and local property laws, requiring proper execution and often notarization. The form typically includes details about the property, the work performed, payment received, and explicit language releasing lien rights. It's particularly important for clearing property titles and ensuring smooth completion of construction projects, as it helps prevent future claims against the property.

1. Parties: Identifies all relevant parties including the lien holder (contractor/subcontractor/supplier), the property owner, and any other relevant parties such as the general contractor

2. Background: Brief description of the project, work performed, or materials supplied, and the original contract or agreement that gave rise to the lien rights

3. Definitions: Defines key terms used in the document including 'Lien', 'Property', 'Work', and 'Contract Amount'

4. Property Description: Detailed legal description of the property against which the lien rights are being waived

5. Consideration: States the payment amount or other consideration received in exchange for the lien waiver

6. Waiver and Release: The core section containing the explicit waiver and release of lien rights

7. Representations and Warranties: Statements confirming the lien holder's authority to execute the waiver and that no assignment of lien rights has occurred

8. Execution: Signature block with notarization requirements