Unconditional Waiver And Release On Final Payment Form Template for England and Wales

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Key Requirements PROMPT example:

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."

Document background
The Unconditional Waiver And Release On Final Payment Form is commonly used in construction and development projects in England and Wales when final payment is made for completed works. This document provides certainty to the paying party that no further claims will arise after the final payment is made. It typically includes details of the project, the payment amount, and a comprehensive release of claims. The form is particularly important for project closeout procedures and is often required before final payment is released. Unlike conditional waivers, this form becomes effective immediately upon execution, regardless of whether payment has been received.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses
Industries

Construction Act 1996: Housing Grants, Construction and Regeneration Act 1996 - Key legislation for construction-related payments and disputes, containing provisions regarding payment mechanisms and rights

Contracts (Rights of Third Parties) Act 1999: Governs how third parties may enforce contractual terms and their rights under the waiver agreement

Limitation Act 1980: Establishes time limits for bringing claims and affects how future rights can be waived

Common Law Principles: Fundamental legal principles covering consideration, estoppel, and release of rights that affect the validity and enforcement of waivers

Civil Procedure Rules: Procedural rules relevant for enforcement and dispute resolution in England and Wales

Consumer Rights Act 2015: Legislation governing consumer relationships and ensuring fairness of contractual terms when consumers are involved

Unfair Contract Terms Act 1977: Regulates the reasonableness of waiver terms and places limitations on exclusion of liability

Companies Act 2006: Relevant for corporate parties, covering authority to execute documents and corporate capacity issues

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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