Conditional Waiver And Release On Progress Payment

Conditional Waiver And Release On Progress Payment Template for England and Wales

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Conditional Waiver And Release On Progress Payment

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

"I need a Conditional Waiver And Release On Progress Payment for a £500,000 payment to our main contractor for Phase 2 of our London office development, with specific reservations for disputed variations worth £50,000 that we're still negotiating."

Document background

The Conditional Waiver And Release On Progress Payment is commonly used in construction and development projects in England and Wales where staged payments are involved. It provides a mechanism for contractors and subcontractors to waive their rights to claim against the property or project owner, but only once they have received the specified progress payment. This document helps maintain cash flow while protecting all parties' interests, ensuring that rights are only released upon actual receipt of payment. It typically includes details of the payment amount, the scope of work covered, and any specific exceptions or reservations.

Suggested Sections

1. Parties: Identification of the parties involved in the waiver agreement

2. Background: Context of the underlying contract and payment situation

3. Definitions: Key terms used in the document including payment amount, contract, and project details

4. Payment Details: Specific information about the progress payment being addressed including amount and payment period

5. Conditional Waiver Statement: The actual waiver language and conditions precedent for the waiver to become effective

6. Reserved Rights: Rights specifically preserved despite the waiver, including retention amounts and unresolved claims

7. Execution: Signature blocks and execution requirements for all parties

Optional Sections

1. Through-Date Statement: Specific date through which the waiver applies, used when waiver needs to be limited to a specific time period

2. Exceptions to Waiver: Specific claims or rights excluded from the waiver, used when certain claims need to be preserved

3. Representations and Warranties: Additional assurances from the waiving party regarding authority, ownership of claims, and absence of assignments

Suggested Schedules

1. Schedule of Payment Details: Detailed breakdown of the progress payment amount and calculation methodology

2. Schedule of Outstanding Claims: List of any preserved claims or disputed amounts not covered by the waiver

3. Supporting Documentation: Relevant payment certificates, applications, or other documentation evidencing the progress payment

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Relevant Teams

Relevant Roles

tiktok���˰�

How a Sales & Marketing Lead uses tiktok���˰� to reduce contract drafting time by 95%

Let's create your Conditional Waiver And Release On Progress Payment

Authors

Alex Denne

Find the exact document you need

Waiver Of Lien To Date Form

Waiver Of Lien To Date And Contractor's Affidavit

Waiver Of Lien To Date

Vendor Lien Waiver And Release

Vendor Lien Release Form

Unconditional Waiver Release Form

Unconditional Waiver And Release On Final Payment Form

Unconditional Waiver And Release Of Lien

Unconditional Release Waiver

Unconditional Partial Lien Waiver

Subcontractor Release Form

Subcontractor Conditional Lien Waiver Form

Property Lien Release Form

Partial Unconditional Waiver Form

Partial Unconditional Lien Waiver Form

Mechanic Release Form

Material Waiver Form

Material Lien Waiver

Material Lien Release Form

Lien Release Waiver

General Contractor Lien Release Form

Full Unconditional Lien Waiver

Final Waiver And Release Of Lien Form

Final Payment Lien Waiver Form

Final Payment Lien Release Form

Contractor's Release And Waiver Of Liens Form

Construction Waiver Release Form

Construction Waiver Form

Construction Lien Release Form

Conditional Waiver And Release Form

Conditional Lien Release Form

Conditional Waiver And Release On Final Payment Form

Affidavit Of Release Of Liens

Affidavit Of Bills Paid And Release Of Liens By Contractor

Affidavit And Waiver Of Lien

Unconditional Progress Release Form

Progress Lien Waiver Form

Interim Lien Waiver Form

Contractor's Final Payment Affidavit And Release Of Lien

Partial Waiver Of Lien And Contractor's Affidavit

Subcontractor Final Lien Waiver Form

Waiver And Release Of Lien And Affidavit Of Final Payment

Full Unconditional Lien Waiver And Release Form

Subcontractor Affidavit And Waiver Of Lien

Full Conditional Waiver

Lien Waiver For Homeowner

Partial Unconditional Waiver

Full Unconditional Waiver

Final Waiver Of Lien And Contractor's Affidavit

Subcontractor Lien Release Form

Affidavit And Waiver Of Lien Form

Labor Release Form

Partial Conditional Lien Waiver

Interim Lien Waiver

Partial Lien Waiver Form

Conditional Lien Release

Contractor Lien Waiver Form

Contractor Lien Release Form

Unconditional Lien Waiver

Conditional Waiver And Release On Final Payment

Unconditional Lien Release Form

Contractor Waiver And Release Form

Conditional Release Form

Construction Material Release Form

Final Waiver Of Lien Form

Partial Lien Waiver

Conditional Waiver And Release On Progress Payment

Waiver And Release Of Lien

Unconditional Waiver And Release On Final Payment

Final Waiver Of Lien

Download our whitepaper on the future of AI in Legal

�ұ�Ծ���’s Security Promise

Your documents are private:

Your documents are protected:

tiktok��˰�

How a Sales & Marketing Lead uses tiktok��˰� to reduce contract drafting time by 95%

�ұ�Ծ��’s Security Promise