The Conditional Lien Waiver is a crucial document in Indian construction and development projects that balances the interests of property owners and contractors. It is commonly used when partial or final payments are made in construction projects, providing security for property owners while protecting contractors' rights until payment is received. The document complies with Indian property law, contract law, and registration requirements where applicable. A Conditional Lien Waiver specifically details the scope of work covered, payment amount, and conditions that must be met for the waiver to take effect. It's particularly important in large-scale construction projects where multiple contractors and subcontractors are involved, helping to maintain clear records of payments and lien releases while managing risk for all parties.

1. Identification of Parties: Details of the party waiving the lien (typically contractor/subcontractor) and the party receiving the waiver (typically property owner/general contractor)

2. Project Information: Specific details of the construction project, including property address, project name, and relevant contract references

3. Waiver Amount: Specific amount covered by the lien waiver, including both figures and words

4. Conditions for Waiver: Clear statement of the conditions that must be met for the waiver to become effective, typically payment receipt

5. Rights Being Waived: Detailed description of the lien rights being waived and any rights specifically reserved

6. Payment Details: Information about the payment method, payment amount, and reference numbers

7. Through Date: Specific date through which the waiver applies

8. Representations and Warranties: Statements confirming authority to execute the waiver and other standard representations

9. Governing Law: Specification of Indian law as governing law and relevant jurisdiction

10. Execution: Signature blocks and execution requirements