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Waiver And Release Of Lien
"I need a Waiver and Release of Lien document for a residential construction project in Riyadh, where I'm the general contractor releasing lien rights after receiving final payment of 2.5M SAR on March 15, 2025 from the property developer."
1. Parties: Identification of 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: Context of the original contract, project details, and the basis for the lien rights being waived
3. Definitions: Key terms used in the document including 'Lien', 'Project', 'Property', 'Contract', and 'Payment'
4. Payment Acknowledgment: Confirmation of the amount received and that it represents fair consideration for the lien release
5. Waiver and Release: Clear and unequivocal language waiving and releasing all lien rights related to the specified work or project phase
6. Property Description: Detailed legal description of the property against which the lien rights are being released
7. Representations and Warranties: Statements confirming the lien holder's authority to execute the release and that no assignment of lien rights has occurred
8. Governing Law and Jurisdiction: Specification that Saudi Arabian law governs the document and designation of competent courts
9. Execution: Formal execution block including date and signature requirements compliant with Saudi law
1. Conditional Release Provisions: Used when the release is conditional upon receipt of payment or other conditions
2. Subcontractor Acknowledgments: Required when the releasing party has subcontractors, confirming all lower-tier claims have been satisfied
3. Retention Rights: Include when there are retained amounts that are explicitly excluded from the release
4. Future Work Reservation: Used when the release applies to specific work periods while preserving rights for future work
5. Dispute Resolution: Optional alternative dispute resolution provisions beyond standard court jurisdiction
6. Notarization Requirements: Include when document requires notarization for specific jurisdictions or project requirements
1. Schedule A - Property Description: Detailed legal description of the property including plot numbers, deed references, and location details
2. Schedule B - Payment Details: Breakdown of payments received, including current payment and any outstanding amounts
3. Schedule C - Work Description: Detailed description of work or materials provided that are covered by the release
4. Appendix 1 - Supporting Documents: Copies of relevant invoices, payment confirmations, or other supporting documentation
5. Appendix 2 - Authorization Documents: Corporate resolutions or powers of attorney proving authority to execute the release
Authors
Construction
Real Estate
Infrastructure Development
Commercial Property
Residential Development
Industrial Construction
Oil and Gas Construction
Government Construction Projects
Healthcare Facility Construction
Educational Facility Development
Legal
Construction Management
Project Management
Finance
Procurement
Risk Management
Contract Administration
Real Estate Development
Operations
Commercial
Construction Manager
Project Manager
Legal Counsel
Contract Administrator
Property Developer
Real Estate Manager
Construction Site Supervisor
Procurement Manager
Finance Director
Claims Manager
Project Coordinator
Construction Law Attorney
Risk Manager
Development Director
Contracts Manager
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