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Unconditional Waiver And Release On Final Payment Form
"I need an Unconditional Waiver And Release On Final Payment Form for a commercial construction project in Manchester where we're paying our main contractor £2.5M as final payment in March 2025, and we need to ensure all subcontractor claims are included in the release."
1. Project Identification: Details of the project, contract, and work performed including contract reference numbers and dates
2. Payment Information: Details of the final payment amount, payment date, and confirmation of receipt
3. Waiver Statement: Clear and unambiguous statement of rights being unconditionally waived upon receipt of payment
4. Release of Claims: Comprehensive list of claims being released including mechanic's liens, payment bonds, and any other claims related to the project
5. Execution Block: Formal signature blocks, date of execution, and notary section if required
1. Exceptions to Release: Specific claims or rights that are excluded from the waiver and release
2. Representations and Warranties: Additional statements confirming completion of work and authority to execute the waiver
3. Indemnification: Provisions protecting the paying party against future claims related to the released matters
1. Schedule A - Outstanding Claims: Detailed list of any preserved or excepted claims that are not covered by the waiver
2. Schedule B - Payment Schedule: Breakdown of the final payment amount including any retentions or deductions
3. Schedule C - Project Completion Certificate: Documentation confirming successful completion of all contracted work
Authors
Project
Contract
Final Payment
Payment Amount
Works
Release Date
Payment Date
Effective Date
Claims
Liens
Rights
Waiver
Through Date
Owner
Job Site
Contract Price
Extra Work
Retentions
Progress Payments
Contract Documents
Beneficiary
Mechanic's Lien
Stop Notice
Payment Bond Rights
Excepted Rights
Preserved Claims
Project Completion
Substantial Completion
Final Completion
Project Description
Payment Acknowledgment
Waiver Statement
Release of Claims
Release of Liens
Payment Amount Confirmation
Representations and Warranties
Scope of Release
Exceptions to Release
Governing Law
Indemnification
Authority to Execute
Severability
Further Assurance
Entire Agreement
No Prior Assignment
Non-Revocation
Binding Effect
Notice Requirements
Conditional vs Unconditional Nature
Execution Requirements
Payment Certification
Dispute Resolution
Acknowledgment of Receipt
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