All Countries
Real Estate
Conditional Final Release Form

Conditional Final Release Form Template for India

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Conditional Final Release Form

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Conditional Final Release Form

"I need a Conditional Final Release Form for a residential construction project in Mumbai, where I'm the general contractor releasing claims against the property developer upon receipt of the final payment of ₹50 lakhs, expected by March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Conditional Final Release Form is a vital document in Indian construction and development projects, used when parties are approaching the completion of their contractual obligations. It serves as a formal mechanism to close out projects and settle financial obligations while protecting both parties' interests. The document is particularly important in scenarios where final payments are pending and parties wish to document the terms of release from future claims. The conditional nature of the release provides security to the releasing party, as the release only becomes effective when specified conditions (typically receipt of final payment) are met. This document must comply with the Indian Contract Act, 1872, and other relevant Indian legislation, and often requires careful drafting to ensure all project-specific details, payment terms, and any excluded claims are clearly documented.
Suggested Sections

1. Identity of Parties: Clearly identifies all parties involved, including the releasor (party giving the release) and releasee (party being released)

2. Recitals: Background information including the original contract details, project information, and context for the release

3. Definitions: Key terms used in the document, including 'Final Payment', 'Claims', 'Project', and 'Effective Date'

4. Release Amount: Specifies the exact payment amount that triggers the release

5. Scope of Release: Details what claims, rights, and demands are being released

6. Conditions Precedent: Clearly states the conditions that must be met for the release to become effective

7. Representations and Warranties: Statements by the releasor regarding their authority to give the release and the absence of assignments of claims

8. Reservation of Rights: Specifies any rights or claims that are specifically excluded from the release

9. Governing Law: Specifies that Indian law governs the release and its interpretation

10. Execution: Signature blocks and attestation requirements

Optional Sections

1. Subcontractor Releases: Required when the releasor needs to provide releases from their subcontractors

2. Notarization Block: Include when document needs to be notarized for additional legal certainty

3. Witness Requirements: Include when additional witnesses are required for validity

4. Indemnification: Include when the releasor needs to indemnify the releasee against future claims

5. Dispute Resolution: Include when specific dispute resolution procedures need to be established

6. Severability: Include when there's a need to ensure partial invalidity doesn't void the entire release

Suggested Schedules

1. Schedule A - Project Details: Detailed description of the project and original contract information

2. Schedule B - Payment Details: Breakdown of payments made and final payment amount

3. Schedule C - Outstanding Claims List: List of any claims or rights specifically excluded from the release

4. Appendix 1 - Supporting Documents: Copies of relevant certificates, payment proofs, or other supporting documentation

5. Appendix 2 - Subcontractor Releases: Copies of releases obtained from subcontractors (if applicable)

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Construction

Real Estate Development

Infrastructure

Engineering

Manufacturing

Government and Public Works

Commercial Development

Industrial Development

Residential Development

Energy and Utilities

Transportation

Mining

Relevant Teams

Legal

Finance

Operations

Project Management

Procurement

Risk Management

Commercial

Construction Management

Contract Administration

Claims Management

Relevant Roles

Project Manager

Construction Manager

Contract Administrator

Legal Counsel

Chief Financial Officer

Project Director

Site Supervisor

Procurement Manager

Claims Manager

Risk Manager

Financial Controller

Operations Director

General Counsel

Project Coordinator

Commercial Manager

Industries
Indian Contract Act, 1872: Fundamental law governing contract formation, validity, and enforcement in India. Particularly relevant sections include those dealing with discharge of contracts and mutual release of obligations.
Limitation Act, 1963: Specifies time limits within which legal actions can be initiated. Important for determining the validity period of claims and releases.
Civil Procedure Code, 1908: Governs the procedure for enforcement of civil rights and remedies. Relevant for understanding the legal implications of releasing claims and rights.
Income Tax Act, 1961: Relevant for understanding tax implications of settlements and ensuring proper tax-related declarations in the release form.
Registration Act, 1908: Determines whether the release document needs to be registered, especially if it involves property rights or high-value considerations.
Indian Stamp Act, 1899: Governs the stamp duty requirements for legal documents, including release forms, to make them legally admissible.
Arbitration and Conciliation Act, 1996: Relevant if the release form includes provisions for dispute resolution or arises from an arbitration settlement.
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

Find the exact document you need

Lien Waiver For Construction Work

An Indian law-compliant document waiving construction lien rights upon payment receipt, used to protect property owners and acknowledge contractor payments in construction projects.

find out more

Conditional Waiver And Release On Progress Payment Form

An Indian legal document that conditionally waives construction lien rights upon receipt of specified progress payments.

find out more

Conditional Lien Waiver Form

An Indian law-compliant document that conditionally waives construction lien rights upon receipt of specified payment.

find out more

Conditional Final Release Form

An Indian law-compliant document that conditionally releases claims and rights between contracting parties, typically activated upon final payment in construction projects.

find out more

Simple Lien Waiver Form

An Indian law-compliant document that releases a party's right to place a lien on property in exchange for payment received in construction projects.

find out more

Waiver Of Lien To Date

An Indian legal document where a contractor waives their right to place a lien on a property for work completed and payments received up to a specific date.

find out more

Property Lien Release Form

An Indian legal document that releases a lien holder's claim on a property, governed by the Transfer of Property Act and state-specific regulations.

find out more

Construction Waiver Form

An Indian law-compliant document that releases parties from specific construction-related liabilities and responsibilities while maintaining compliance with local construction regulations.

find out more

Final Affidavit And Release Of Lien

An Indian legal document combining a sworn statement with a formal release of property lien, confirming payment satisfaction and relinquishing all claims against the property.

find out more

General Contractor Lien Waiver

An Indian law-compliant document where a general contractor waives their right to place a lien on a property in exchange for payment for completed construction work.

find out more

Subcontractor Lien Release Form

An Indian jurisdiction document where subcontractors formally release their right to file liens against property for completed work and received payments.

find out more

Unconditional Waiver And Release On Progress Payment

A legal document used in Indian construction projects where contractors waive their rights to claims upon receiving progress payments, governed by Indian Contract Act, 1872.

find out more

Construction Lien Release

An Indian legal document that releases construction liens and waives the right to file future liens against a property, following payment for work or materials.

find out more

Final Lien Release Form

An Indian law-compliant document that releases all rights to place liens on a property following completion of work and receipt of final payment.

find out more

Conditional Waiver And Release On Progress Payment

An Indian legal document that conditionally waives construction-related claims and liens upon receipt of a specified progress payment.

find out more

Final Waiver Of Lien

A legal document under Indian law that acknowledges final payment receipt and waives rights to place liens on property in construction projects.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.