A Conditional Lien Waiver is commonly used in Singapore's construction and development industry when parties need to manage payment security and lien rights. The document allows a lien holder to waive their right to file a lien against a property, but only after specific conditions are met, most commonly the receipt of payment. This arrangement provides protection for both the property owner and the lien holder, ensuring that rights are only waived once agreed-upon conditions are satisfied. The document must comply with Singapore's SOPA and related legislation, making it a crucial tool in construction payment management.
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Key Requirements PROMPT example:
Conditional Lien Waiver
"I need a Conditional Lien Waiver for a commercial construction project in Singapore, where we'll release the contractor's lien rights upon receipt of the final payment of SGD 2.5M, expected in March 2025."
1. Project Identification: Details of the project, property, or work related to the lien including project name, address, and reference numbers
2. Parties: Full identification of lien holder and property owner/contractor, including registration numbers and addresses
3. Waiver Amount: Specific amount being waived, including any applicable taxes and the currency
4. Conditions: Specific conditions that must be met for the waiver to take effect, including payment terms and verification requirements
5. Scope of Waiver: Exact rights being waived and any limitations, including the time period covered by the waiver
1. Progress Payment Details: Details of specific progress payments including payment schedule, amounts, and relevant dates
2. Retention Rights: Specification of any retained rights and conditions under which they may be exercised
3. Third Party Rights: Provisions regarding the impact on rights of subcontractors or other related parties
1. Schedule A - Payment Schedule: Detailed breakdown of payments, including amounts, dates, and payment conditions
2. Schedule B - Project Documents: List and copies of relevant contracts, permits, or other project documentation
3. Schedule C - Property Description: Legal description of the property including lot numbers, bouNDAries, and any relevant certificates of title
Authors
Relevant legal definitions
Agreement
Application for Payment
Claimant
Conditional Waiver
Contract Documents
Contract Price
Contract Work
Effective Date
Final Payment
Lien
Lien Rights
Payment Amount
Payment Period
Project
Project Site
Progress Payment
Property
Retention Sum
Scope of Work
Security Interest
Subcontractor
Supplier
THRough Date
Waiver and Release
Work Performed
Application for Payment
Claimant
Conditional Waiver
Contract Documents
Contract Price
Contract Work
Effective Date
Final Payment
Lien
Lien Rights
Payment Amount
Payment Period
Project
Project Site
Progress Payment
Property
Retention Sum
Scope of Work
Security Interest
Subcontractor
Supplier
THRough Date
Waiver and Release
Work Performed
Clauses
Payment Terms
Waiver Conditions
Release of Rights
Representations and Warranties
Project Description
Property Description
Scope of Work
Payment Acknowledgment
Conditional Release
Retention Rights
Notice Requirements
Project Identification
Governing Law
Dispute Resolution
Execution Requirements
Severability
Amendment and Modification
Further Assurances
Third Party Rights
Entire Agreement
Counterparts
Authority to Execute
Compliance with Laws
Time Periods
Continuing Claims
Waiver Conditions
Release of Rights
Representations and Warranties
Project Description
Property Description
Scope of Work
Payment Acknowledgment
Conditional Release
Retention Rights
Notice Requirements
Project Identification
Governing Law
Dispute Resolution
Execution Requirements
Severability
Amendment and Modification
Further Assurances
Third Party Rights
Entire Agreement
Counterparts
Authority to Execute
Compliance with Laws
Time Periods
Continuing Claims
Relevant Industries
Relevant Teams
Relevant Roles
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A Singapore-law governed document that conditionally waives a contractor's lien rights upon final payment receipt.
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Contractor Lien Waiver
A Singapore construction document where contractors waive their rights to make claims for completed and paid work under SOPA legislation.
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Unconditional Lien Waiver
A Singapore law-governed document that permanently waives a party's right to place a lien on property in exchange for payment received.
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Conditional Lien Waiver
A Singapore-law governed document that conditionally waives lien rights upon meeting specified conditions, typically payment receipt.
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Partial Lien Release
A Singapore-compliant legal document that releases a portion of an existing construction lien while maintaining rights over the remaining amount.
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Partial Lien Waiver
A Singapore-governed document where a contractor partially waives their right to claim against property for completed work and received payments.
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Waiver And Release Of Lien
A Singapore law-compliant document that releases a party's right to claim a lien against property for work performed or materials supplied.
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Final Waiver Of Lien
A Singapore-compliant legal document that permanently waives a contractor's right to place a lien on property after receiving full payment.
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