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Vendor Lien Waiver And Release
"Need a Vendor Lien Waiver and Release for our construction project in Manchester, where we want to acknowledge final payment of £250,000 to a mechanical systems contractor and ensure they waive all future claims relating to work completed by March 2025."
1. Parties: Identifies the vendor and the party receiving the waiver
2. Background: Context of the original contract and work performed
3. Definitions: Key terms used in the document
4. Waiver Statement: Express waiver of lien rights
5. Payment Acknowledgment: Confirmation of payments received
6. Release Provisions: Scope of the release of claims
7. Execution: Signature blocks and execution details
1. Conditional Provisions: Used when the waiver is conditional upon specific events or when payment or other conditions must be met before waiver takes effect
2. Reservation of Rights: Specifies rights retained by the vendor when certain claims or rights are explicitly excluded from the waiver
3. Representations and Warranties: Vendor's confirmations about authority and claims, used when additional assurance is required
1. Schedule of Payments: Details of payments received and outstanding
2. Project Details: Specific information about the work or project
3. Original Contract Extract: Relevant portions of the original contract
4. Supporting Documentation: Any relevant certificates or proof of completion
Authors
Effective Date
Project
Property
Works
Contract Price
Payment
Liens
Claims
Vendor
Owner
General Contractor
Contract Documents
Waiver Period
Release
Services
Goods
Completion Date
Payment Certificate
Outstanding Balance
Progress Payment
Final Payment
Site
Subcontractors
Materials
Working Day
Permitted Liens
Construction Contract
Original Contract
Payment Application
Waiver of Liens
Release of Claims
Representations and Warranties
Scope of Work
Payment Terms
Conditional Release
Unconditional Release
Authority to Execute
Governing Law
Jurisdiction
Severability
Entire Agreement
Further Assurance
Indemnification
Notices
Assignment
Amendment
Counterparts
Third Party Rights
Survival
Waiver
Time Periods
Dispute Resolution
Certification
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