Unconditional Final Lien Release Template for Malaysia

The Unconditional Final Lien Release is a critical document in Malaysian construction projects that marks the final settlement of payment obligations between parties. It is typically used upon completion of construction work and receipt of final payment, serving as a definitive statement that all financial obligations have been satisfied. This document is particularly important in the context of Malaysian construction law, specifically under the Construction Industry Payment and Adjudication Act 2012 (CIPAA), which governs payment security in construction contracts. The release protects property owners from future claims while providing contractors with a formal process for acknowledging final payment. It should clearly identify the project, parties involved, and include an unconditional waiver of all lien rights related to the work performed.

1. Project Identification: Details of the construction project including project name, location, and reference numbers

2. Party Information: Full legal names and details of both the releasing party (contractor/subcontractor) and the released party (owner/contractor)

3. Contract Reference: Details of the original contract, including date, contract number, and scope of work

4. Payment Acknowledgment: Confirmation of receipt of final payment amount and date

5. Release Statement: Unconditional waiver of all lien rights and claims relating to the project

6. Execution Block: Signature blocks, witness requirements, and date of execution