Document background
The Interim Lien Waiver is a crucial document in construction project management, adapted to function within Germany's legal framework. It serves as a formal acknowledgment that a contractor or subcontractor has received specific progress payments and accordingly waives certain security rights (Sicherungsrechte) up to the stated amount and date. This document is typically required before release of progress payments and helps maintain clear records of payment status and associated rights. While the concept of lien waivers originates from common law jurisdictions, this adapted version aligns with German construction law principles, particularly regarding contractors' security rights under the BGB (Bürgerliches Gesetzbuch). The document is essential for risk management in construction projects and helps prevent double payment claims while protecting rights to unpaid amounts.
