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Deed And Lien Waiver
"I need a Deed and Lien Waiver for a large commercial construction project in Manchester, where our main contractor needs to waive their lien rights in exchange for the final payment of £2.5M, to be completed by March 2025."
1. Parties: Full legal names and addresses of all parties involved in the deed and lien waiver
2. Background/Recitals: Context of the agreement, including reference to the original contract and circumstances leading to the lien waiver
3. Definitions: Key terms used throughout the document, including 'the Project', 'the Works', 'Payment', etc.
4. Waiver of Lien: Express waiver of rights to file or maintain any lien claims
5. Acknowledgment of Payment: Confirmation of payments received and outstanding amounts
6. Release: General release of claims related to the waived liens
7. Execution: Formal execution blocks meeting deed requirements under English law
1. Conditional Provisions: Used when the waiver is conditional upon certain events or payments
2. Representations and Warranties: Additional guarantees by the waiving party
3. Indemnification: Protection against future claims
4. Survival Clause: Specifies which provisions survive the waiver
1. Schedule of Payments: Detailed breakdown of payments received and/or outstanding
2. Project Details: Description of the works or project to which the waiver relates
3. Original Contract: Copy or summary of the original contract terms
4. Supporting Documentation: Any relevant certificates, notices, or other supporting documents
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A formal deed under English and Welsh law that records settlement terms between parties and releases claims.
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