The Subcontractor Release And Waiver Of Liability Form is a critical document used in Indian business operations to formally conclude subcontracting relationships and minimize future liability exposure. It is typically executed upon project completion or milestone achievement, when final payment has been made to the subcontractor. The document serves multiple purposes: it confirms receipt of all due payments, releases the contractor from future claims or liabilities, and provides documentary evidence of project closure. Used across various industries from construction to IT services, this form needs to comply with the Indian Contract Act, 1872, and related legislation. It's particularly important in complex projects where multiple subcontractors are involved and clear documentation of liability release is essential for risk management.

1. Parties: Identification of all parties involved - the contractor, subcontractor, and any other relevant parties including their legal details and addresses

2. Background: Brief description of the project, work performed, and context of the relationship between parties

3. Definitions: Key terms used in the document including 'Work', 'Project', 'Claims', 'Liabilities', etc.

4. Acknowledgment of Completion: Confirmation that the subcontractor has completed all required work and received all due payments

5. Waiver and Release: Core section detailing the specific claims, rights, and liabilities being waived by the subcontractor

6. Scope of Release: Detailed description of what is covered under the release, including known and unknown claims

7. Representations and Warranties: Subcontractor's confirmation of no outstanding claims, liens, or disputes

8. Payment Confirmation: Acknowledgment of receipt of full and final payment, including any details of the payment

9. Governing Law: Specification that the agreement is governed by Indian law and relevant jurisdiction

10. Execution: Signature blocks, witness requirements, and execution formalities