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Conditional Lien Release Form
"I need a Conditional Lien Release Form for a construction project in Cardiff, where our subcontractor will release their lien rights upon receiving the final payment of £250,000, scheduled for March 2025, but we need to maintain certain rights related to defect claims for 12 months after completion."
1. Project Identification: Details of the project, property, or work subject to the lien
2. Parties: Identification of lienor and lienee
3. Payment Amount: Specific sum for which the lien is being conditionally released
4. Conditions: Specific conditions that must be met for the release to become effective
5. Release Statement: Formal statement of release upon satisfaction of conditions
1. Partial Release Provisions: Used when only releasing part of a lien
2. Retention of Rights: Used when preserving certain rights despite the release
3. Previous Payments: Include when documenting payment history
4. Dispute Resolution: Include when specific dispute mechanisms are needed
1. Payment Schedule: Details of payment amounts and timing
2. Project Documentation: Relevant contracts, invoices, or work orders
3. Property Description: Detailed description of property subject to lien
Authors
Conditional Release
Project
Property
Work
Payment Amount
Effective Date
Release Date
Conditions Precedent
Contract Price
Progress Payment
Retention Amount
Release Period
Claimant
Owner
General Contractor
Subcontractor
Through Date
Outstanding Claims
Waiver Rights
Contract Documents
Payment Application
Project Site
Services
Materials
Release Amount
Prior Rights
Permitted Exceptions
Payment Certificate
Completion Date
Project Description
Payment Terms
Release Conditions
Waiver of Rights
Retention of Rights
Payment Acknowledgment
Representations and Warranties
Conditional Release Statement
Release Exceptions
Governing Law
Notice Requirements
Execution Requirements
Indemnification
Authority to Execute
Severability
Further Assurance
Dispute Resolution
Amendment and Modification
Counterparts
Entire Agreement
Time Periods
Survival
Assignment
Third Party Rights
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