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Lien Waiver
"I need a Lien Waiver for a final payment of €2.5M on a commercial building project in Amsterdam, to be executed by March 2025, with confirmation that all subcontractors have also waived their rights."
1. Identification of Parties: Names and details of the Waiving Party (contractor/subcontractor) and the Beneficiary Party (usually the property owner or general contractor)
2. Project Details: Specific information about the construction project, including address, project name, and contract reference numbers
3. Rights Being Waived: Clear description of the lien rights being waived and the scope of the waiver
4. Payment Acknowledgment: Confirmation of payments received and details of the amount for which the lien is being waived
5. Representations and Warranties: Statements confirming the waiving party's authority to waive the lien and that no assignment of lien rights has occurred
6. Execution: Signature blocks and execution requirements
1. Conditional Waiver Terms: Used when the waiver is conditional upon receipt of payment or other conditions
2. Reservation of Rights: Include when the waiving party needs to reserve certain rights or claims
3. Lower-tier Confirmations: Used when confirmation is needed that all lower-tier contractors have been paid
4. Notarization Block: Include when notarization is required for the specific project or jurisdiction
5. Partial vs. Final Waiver: Specific section clarifying whether this is a partial or final waiver of lien rights
1. Schedule A - Project Description: Detailed description of the project and property involved
2. Schedule B - Payment Details: Breakdown of payments received and/or pending, and the specific amount covered by the waiver
3. Schedule C - Scope of Work: Description of the work performed by the waiving party
4. Appendix 1 - Supporting Documents: Copies of relevant invoices, payment confirmations, or other supporting documentation
Authors
Beneficiary
Claim
Contract Price
Effective Date
Final Payment
Lien Rights
Payment Amount
Project
Property
Progress Payment
Retainage
Security Rights
Services
Waiving Party
Work
Work Period
Project Site
Contract Documents
Materials
Payment Application
Subcontractor
Supplier
Unconditional Waiver
Conditional Waiver
Waiver of Rights
Representations and Warranties
Conditional Provisions
Release of Claims
Payment Terms
Project Identification
Party Information
Scope of Waiver
Governing Law
Authority to Execute
Notarization Requirements
Reservation of Rights
Binding Effect
Severability
Execution
Lower-tier Certifications
Payment Confirmation
Waiver Period
Notice Requirements
Construction
Real Estate
Infrastructure
Commercial Property Development
Residential Development
Industrial Construction
Public Works
Hospitality
Retail Development
Healthcare Facilities
Legal
Construction
Project Management
Operations
Finance
Procurement
Risk Management
Compliance
Real Estate
Development
Construction Manager
Project Manager
Contract Administrator
Legal Counsel
Property Developer
Site Supervisor
Procurement Manager
Financial Controller
Real Estate Manager
Operations Director
Risk Manager
Compliance Officer
Construction Administrator
Development Director
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