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Waiver And Release Of Lien

Waiver And Release Of Lien Template for Singapore

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Key Requirements PROMPT example:

Waiver And Release Of Lien

"I need a Waiver and Release of Lien for my construction company to release our lien rights against ABC Development's commercial property at 123 Marina Bay, Singapore, following receipt of final payment of SGD 2.5 million on March 15, 2025."

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What is a Waiver And Release Of Lien?

A Waiver And Release Of Lien is crucial in Singapore's construction and property development sector to maintain clear property titles and facilitate smooth project completions. This document is typically used when a contractor, subcontractor, or supplier has received payment for their work or materials and needs to formally relinquish their right to file or maintain a lien against the property. The document must comply with Singapore's SOPA requirements and includes specific details about the project, payment received, and the rights being waived. It serves as protection for property owners and developers against future claims.

What sections should be included in a Waiver And Release Of Lien?

1. Parties: Identification of lienor and lienee, including registration details if companies

2. Background: Context of the original contract, work performed, and circumstances leading to lien

3. Definitions: Key terms used in the document including property, contract, and payment details

4. Waiver Statement: Express waiver of rights and release of lien

5. Consideration: Details of payment or other consideration for the release

6. Execution: Signature blocks and witnessing requirements

What sections are optional to include in a Waiver And Release Of Lien?

1. Conditional Terms: Used when release is subject to specific conditions being met, typically when payment or other conditions must be fulfilled before release becomes effective

2. Representations and Warranties: Statements about authority to release lien and status of claims, typically used in complex cases or when dealing with corporate entities

3. Indemnification: Protection against future claims, used when additional security is required by the released party

What schedules should be included in a Waiver And Release Of Lien?

1. Property Description: Detailed legal description of property subject to lien

2. Payment Details: Breakdown of payments made and outstanding amounts

3. Original Contract: Copy or summary of the contract giving rise to the lien

4. Authorization Documents: Corporate resolutions or power of attorney if required

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Industries

Building and Construction Industry Security of Payment Act (SOPA): Primary legislation governing payment claims and liens in the construction industry. Regulates the process of securing payments and releasing liens, and sets out requirements for valid payment claims and responses.

Contract Law Act: Governs the basic principles of contract formation and enforcement. Essential for ensuring the waiver and release document is legally binding under Singapore law.

Singapore Civil Law Act: Contains provisions affecting contractual relationships and is relevant for consideration and enforcement aspects of the waiver and release document.

Companies Act: Important legislation when dealing with corporate entities as parties to the lien release, governing corporate execution requirements and authority.

Common Law of Singapore: Based on English common law principles, providing relevant case law regarding liens and waivers that must be considered in document preparation.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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