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Lien Release Waiver
"I need a Lien Release Waiver for a construction project in Manchester where our main contractor has received final payment of £250,000 and needs to release all claims against the property, with the release to be effective from 15 March 2025."
1. Identification of Parties: Details of the lien holder and the party receiving the release
2. Property Description: Clear identification of the property or asset subject to the lien
3. Release Statement: Explicit statement of release and waiver of rights, including reference to relevant legislation (Construction Act 1996, Law of Property Act 1925)
4. Consideration: Statement of payment or other consideration received for the release
5. Execution Block: Signature requirements and witnessing provisions in accordance with English law requirements
1. Conditional Release Provisions: Used when the release is subject to specific conditions or future events
2. Representations and Warranties: Additional assurances from the releasing party regarding authority, ownership, and right to release
3. Indemnification: Provisions for protection against future claims related to the released lien
1. Schedule of Payment Details: Itemized list of payments made or to be made in consideration for the release
2. Property Description Schedule: Detailed description of property or assets when complex, including relevant title numbers or identifying details
3. Supporting Documents: Appendix containing copies of relevant certificates, permits, or original lien documents
Authors
Payment Acknowledgment
Representations and Warranties
Indemnification
Governing Law
Jurisdiction
Entire Agreement
Severability
Authority to Execute
No Future Claims
Consideration
Conditional Release
Notice Requirements
Amendment and Modification
Binding Effect
Further Assurances
Property Description
Successors and Assigns
Counterparts
Execution and Delivery
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