The Unconditional Waiver And Release On Final Payment is a crucial document in Singapore's construction and development industry, designed to provide clear closure to payment obligations. It is typically used when a contractor, subcontractor, or supplier has received all payments due under a contract and is willing to waive any further claims. This document, governed by Singapore law and particularly the Building and Construction Industry Security of Payment Act, ensures that once final payment is received, the releasing party surrenders all rights to make future claims related to the work, including mechanic's liens, payment claims, and other demands. It serves as a definitive end to payment obligations and provides security for project owners and developers.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Unconditional Waiver And Release On Final Payment
"I need an Unconditional Waiver And Release On Final Payment for a commercial building project in Singapore, where my company has received the final payment of $2.5M on January 15, 2025, and we need to confirm we won't make any further claims against the developer."
1. Identification of Parties: Details of the Claimant/Releasing Party and the Party being released
2. Project Information: Specific details about the project or work performed
3. Payment Acknowledgment: Confirmation of receipt of final payment amount
4. Waiver Statement: Clear statement of rights being waived
5. Execution Block: Signature blocks and date of execution
1. Retained Rights: Specific rights or claims being retained, used when certain claims need to be preserved
2. Warranties: Warranties about the waiver, used in complex projects
3. Governing Law: Explicit statement of governing law, used in cross-border projects
1. Payment Schedule: Detailed breakdown of payments received
2. Project Scope: Description of work completed, used in complex projects
3. Related Agreements: List of related contracts or agreements being referenced
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Release Of Real Estate Mortgage
A Singapore-compliant legal document that formally discharges a real estate mortgage and releases the property from the lender's security interest.
find out more
Mechanics Lien Release
A Singapore-compliant document releasing payment claims and rights under SOPA and the Contractor's Liens Act for construction work performed.
find out more
Deed Of Trust Release
A Singapore-compliant legal document that releases trustees from their duties following the proper distribution of trust assets.
find out more
Affidavit Of Lien Release
A sworn legal document used in Singapore to formally release a property lien, typically used in construction and real estate contexts.
find out more
Release Of Lien And Affidavit
A Singapore-compliant legal document that combines a lien release with a sworn statement, formally releasing a property or asset from a previously filed lien.
find out more
Real Estate Lien Release
A Singapore-compliant legal document that releases a lien or encumbrance on real property.
find out more
Preliminary Lien Release
A Singapore-law governed document releasing interim payment claims in construction projects under SOPA framework.
find out more
Conditional Final Lien Waiver
A Singapore-governed document that conditionally waives a contractor's lien rights upon receipt of final payment.
find out more
Partial Conditional Lien Waiver
A Singapore-law governed document waiving specific lien rights in construction projects, conditional upon receiving specified payment.
find out more
Construction Lien Release
A Singapore Construction Lien Release waives a contractor's right to place a lien on property for work performed under SOPA regulations.
find out more
Conditional Waiver And Release On Progress Payment
A Singapore-compliant legal document that conditionally releases construction lien rights upon receipt of a specific progress payment.
find out more
Unconditional Waiver And Release On Final Payment
A Singapore-compliant legal document that unconditionally waives rights to further claims upon receipt of final payment in construction projects.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.