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Waiver And Release Of Lien

Waiver And Release Of Lien Template for Denmark

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Key Requirements PROMPT example:

Waiver And Release Of Lien

I need a Waiver and Release of Lien document for a construction project in Copenhagen, where we need our three subcontractors to conditionally waive their lien rights upon receiving the March 2025 progress payment for electrical, plumbing, and HVAC work.

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Document background
The Waiver and Release of Lien is a crucial document in Danish construction and real estate transactions, used when a contractor, subcontractor, or supplier has received payment for their work or materials and agrees to relinquish their right to file a lien against the property. This document is particularly important in Denmark, where construction liens are governed by the Danish Construction Contracts Act (AB 18) and related legislation. It serves as protection for property owners and developers, ensuring that all claims have been satisfied and preventing future disputes. The document is typically executed either upon final payment or as progress payments are made, and may be required by lenders or subsequent purchasers as evidence that the property is free from potential claims. It includes specific details about the property, the work performed, the payment received, and the rights being waived.
Suggested Sections

1. Parties: Identification of the lienor (party waiving the lien) and lienee (property owner/contractor), including full legal names and addresses

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

3. Definitions: Key terms used in the document, including 'Property', 'Work', 'Lien Rights', and 'Payment'

4. Property Description: Detailed legal description of the property subject to the lien waiver

5. Acknowledgment of Payment: Confirmation of the amount received or to be received as consideration for the lien waiver

6. Waiver and Release: Core section detailing the specific rights being waived and the scope of the release

7. Representations and Warranties: Lienor's confirmations regarding authority to waive, no prior assignments, and completeness of work

8. Governing Law: Specification of Danish law as governing law and jurisdiction

9. Execution: Signature blocks and execution requirements

Optional Sections

1. Conditional Release Provisions: Used when the waiver is conditional upon receipt of payment or other conditions

2. Subcontractor Confirmation: Include when the lienor needs to confirm all subcontractors and suppliers have been paid

3. Partial Waiver Provisions: Used when the waiver applies only to a specific portion of work or specific time period

4. Reservation of Rights: Include when certain rights need to be explicitly preserved despite the general waiver

5. Notarization Requirements: Include when formal notarization is required for the specific property or jurisdiction

Suggested Schedules

1. Schedule A - Property Details: Detailed property description, including cadastral numbers and registration details

2. Schedule B - Payment Details: Breakdown of payments received and/or pending, including relevant invoices

3. Schedule C - Original Contract Reference: Summary or copy of the original contract or work order relating to the lien

4. Appendix 1 - Supporting Documents: Copies of relevant permits, certificates, or other supporting documentation

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

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alex.den.21@genieai.co
Relevant Industries

Construction

Real Estate

Property Development

Infrastructure

Commercial Property

Residential Property

Industrial Construction

Architecture and Design

Building Materials and Supply

Property Management

Relevant Teams

Legal

Construction Management

Project Development

Contract Administration

Real Estate Operations

Finance

Risk Management

Property Management

Procurement

Document Control

Relevant Roles

Construction Project Manager

Contract Administrator

Legal Counsel

Property Developer

Construction Site Manager

Procurement Manager

Real Estate Manager

Claims Manager

Construction Finance Manager

Project Director

Construction Lawyer

Property Manager

Development Director

Industries
Danish Construction Contracts Act (AB 18): The standard framework for construction contracts in Denmark, including provisions for security, payments, and liens in construction projects
Danish Contracts Act (Aftaleloven): Governs formation and validity of contracts, including requirements for valid waivers and releases
Danish Registration Act (Tinglysningsloven): Regulates the registration and priority of rights over real property, including construction liens
Danish Limitations Act (Forældelsesloven): Sets statutory limitations for various types of claims, including construction liens and related rights
Danish Construction Law (Byggeloven): Provides the general framework for construction works and related rights, including provisions affecting liens and securities
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

Find the exact document you need

Lien Release Form

find out more

Waiver And Release Of Lien

A Danish law document where a contractor or supplier waives their right to place a lien on a property, typically used in construction projects after payment receipt.

find out more

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