A Final Waiver of Lien is a critical document in Singapore's construction and development sector, used when a contractor or supplier has received complete payment for their work or materials. This document provides legal certainty by permanently waiving the right to file a lien against the property. Under Singapore law, particularly SOPA, this waiver serves as definitive evidence that all payment obligations have been met and that the contractor relinquishes any future claims related to the work performed. The Final Waiver of Lien typically includes detailed project information, payment confirmation, and must be properly executed to be legally binding.
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Key Requirements PROMPT example:
Final Waiver Of Lien
"I need a Final Waiver of Lien for a completed residential construction project in Singapore, where my company received the final payment of SGD 2.5M on January 15, 2025, and I want to ensure we include specific language about retaining rights for disputed variation works."
1. Identification of Parties: Full legal names and addresses of the waiving party and the party receiving the waiver
2. Project Details: Specific description of the project, property address, and contract reference
3. Payment Confirmation: Confirmation of payment amount received and payment date
4. Waiver Statement: Express waiver of lien rights and claims
5. Execution Block: Signature blocks, dates, and witness provisions
1. Conditional Clauses: Used when waiver is contingent on specific conditions being met
2. Reservation of Rights: Used when certain rights need to be preserved despite the waiver
3. Prior Lien Releases: Reference to previous partial waivers when applicable
1. Payment Schedule: Detailed breakdown of payments received and outstanding amounts
2. Project Documentation: Relevant contract documents, permits, or certificates
3. Authorization Documents: Corporate resolutions or power of attorney if required
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