Supplier Release Of Lien Template for United States

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Key Requirements PROMPT example:

Supplier Release Of Lien

"I need a Supplier Release of Lien for my construction materials company that provided $75,000 worth of lumber to the Highland Park Development project, with conditional release language since we're still waiting for the final payment expected in March 2025."

Document background

A Supplier Release of Lien is a crucial document in construction projects where suppliers need to formally relinquish their lien rights after receiving payment. This document protects property owners from double payment claims and helps maintain clear property titles. The release must comply with state-specific requirements and usually includes details about the project, payment received, and the scope of the release. It's particularly important in construction financing, property sales, and project closeouts, where lien releases are often required before final payments are made.

Suggested Sections

1. Project Identification: Details of the construction project, including address and legal description

2. Parties: Identification of the supplier releasing the lien and the party receiving the release

3. Payment Amount: Specification of the amount received in consideration for the release

4. Release Statement: Formal statement releasing all lien rights and acknowledgment of payment received

5. Execution: Signature blocks and notarization requirements

Optional Sections

1. Conditional Release Language: Additional provisions to be included when the release is contingent upon receipt of payment

2. Partial Release Provisions: Specific language when the release covers only a portion of the work or materials supplied

3. Warranty of Title: Supplier's warranty that they have not assigned or transferred their lien rights to any third party

Suggested Schedules

1. Payment Schedule: Detailed breakdown of payments received and any outstanding amounts

2. Work Description: Detailed description of materials or services provided under the contract

3. Prior Lien Documentation: Copies of original lien notices or claims being released

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Construction
Real Estate
Manufacturing
Industrial

Relevant Teams

Legal
Procurement
Finance
Operations
Construction Management

Relevant Roles

Construction Project Manager
Procurement Manager
Contract Administrator
Finance Director

Find the exact document you need

Supplier Release Of Lien

A U.S. legal document that releases a supplier's mechanic's lien rights against a property after receiving payment for materials or services.

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Authors

Alex Denne

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