Document background
The Partial Lien Waiver is a crucial document in Nigerian construction projects that helps manage payment risks and protect parties' interests. It is typically used when a contractor, subcontractor, or supplier receives partial payment for ongoing work and needs to formally acknowledge this payment while releasing their lien rights for the paid portion only. The document preserves rights to claim liens for unpaid work or future work while providing property owners and lenders with necessary assurance that paid work won't be subject to future liens. This balanced approach, operating under Nigerian law, helps maintain smooth payment flows in construction projects while protecting all parties' interests. The Partial Lien Waiver should clearly specify the payment received, work covered, and rights being waived to ensure enforceability.
