Vendor Lien Waiver Template for England and Wales

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Key Requirements PROMPT example:

Vendor Lien Waiver

"I need a Vendor Lien Waiver for our construction project in Manchester, where we're paying our materials supplier their final payment of £50,000 in March 2025 and need them to waive all future claims."

Document background
The Vendor Lien Waiver is a crucial document in commercial transactions under English and Welsh law, particularly in construction and development projects. It is used when a vendor or supplier has received payment for goods or services and needs to formally relinquish their right to place a lien on the property or assets. The document typically includes details of the original contract, payment received, and specific rights being waived. This waiver protects property owners and contractors from future claims and is often required before final payment is released.
Suggested Sections

1. Parties: Identification of vendor and recipient parties

2. Background: Context of the original contract and lien rights

3. Definitions: Key terms used in the waiver

4. Waiver Declaration: Explicit statement of lien rights being waived

5. Consideration: Statement of payment or other consideration received

6. Execution Block: Signature sections for all parties

Optional Sections

1. Conditional Provisions: Used when the waiver is subject to specific conditions or future events/payments

2. Partial Waiver Provisions: Used when only certain lien rights are being waived, specifying which rights are retained

3. Representations and Warranties: Additional assurances from the vendor, used when additional certainty is required

4. Dispute Resolution: Mechanism for resolving disputes, typically included in complex or high-value transactions

Suggested Schedules

1. Schedule of Works: Details of work or goods covered by the waiver

2. Payment Schedule: Details of payments received or to be received

3. Original Contract Details: Summary of the contract giving rise to the lien rights

4. Corporate Authorizations: Evidence of authority to execute (if required)

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

Industries

Construction Act 1996: Housing Grants, Construction and Regeneration Act - Key legislation for construction-related liens and payment mechanisms and rights in construction contracts

Contracts (Rights of Third Parties) Act 1999: Governs the enforceability of contractual rights by third parties not directly involved in the original contract

Civil Procedure Rules: Procedural rules governing enforcement procedures and dispute resolution in civil courts of England and Wales

Companies Act 2006: Defines corporate entities' authority to execute documents and requirements for execution of deeds

Law of Property Act 1925: Establishes fundamental principles regarding property rights and interests, including requirements for creating and releasing interests in property

Insolvency Act 1986: Addresses the impact of insolvency on liens, securities, and other property interests

Sale of Goods Act 1979: Legislation governing vendor's liens in the context of goods sales and commercial transactions

Common Law Principles: Encompasses doctrine of consideration, principles of waiver and estoppel, and rules regarding privity of contract in English law

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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