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

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Key Requirements PROMPT example:

Unconditional Waiver And Release On Progress Payment

"I need an Unconditional Waiver And Release On Progress Payment for a large commercial construction project in Manchester, where my company has received a £500,000 progress payment on 15 March 2025, and we need to provide this waiver to the main contractor within 5 working days."

Document background
The Unconditional Waiver And Release On Progress Payment is commonly used in construction projects throughout England and Wales to manage payment-related risks and maintain clear payment records. It is typically executed when a contractor or subcontractor receives a progress payment and needs to provide the paying party with assurance that no claims will be made against that payment. This document is particularly important in larger construction projects where multiple payment cycles occur and clear documentation of payment releases is essential. The waiver helps prevent double-payment claims and provides certainty in payment processes, while complying with UK construction law requirements, including the Housing Grants, Construction and Regeneration Act 1996.
Suggested Sections

1. Parties: Identifies the parties making and receiving the waiver, including their legal names, addresses, and roles

2. Project Information: Details of the construction project and contract reference, including project name, location, and contract dates

3. Payment Details: Specific payment amount being waived, payment period, and any relevant payment application references

4. Waiver Statement: Explicit unconditional waiver of rights related to the progress payment, including lien rights and claims

5. Signing Block: Execution provisions and signature spaces for all parties

Optional Sections

1. Conditional Provisions: Used when certain aspects of the waiver depend on specific conditions or when partial waivers are required

2. Third Party Rights: Explicit exclusion or inclusion of third-party rights under the Contracts (Rights of Third Parties) Act 1999

3. Retention Rights: Preservation of rights related to retention amounts and future claims

Suggested Schedules

1. Payment Schedule: Detailed breakdown of the progress payment being waived, including dates and amounts

2. Project Details Schedule: Comprehensive project information and relevant contract details

3. Supporting Documents: Related payment certificates, notices, and other relevant documentation

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


























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Relevant Industries
Relevant Teams
Relevant Roles
Industries

Housing Grants, Construction and Regeneration Act 1996: Primary legislation governing construction contracts in England and Wales, particularly Part II which covers payment mechanisms, timing, and rights regarding payment notices in construction contracts

Late Payment of Commercial Debts (Interest) Act 1998: Legislation governing statutory interest on late payments and related rights that may be subject to waiver in commercial contracts

Contracts (Rights of Third Parties) Act 1999: Legislation governing how the waiver might affect third-party rights and considerations for explicitly excluding third-party rights

Civil Procedure Rules: Rules governing enforcement, disputes, and jurisdiction clauses that need to be considered in the waiver document

Common Law Principles: Fundamental legal principles including doctrine of consideration, rules regarding waiver of rights, and principles of estoppel that affect the validity of the waiver

Construction Act 2009: Updates to payment provisions and amendments to the Housing Grants, Construction and Regeneration Act 1996

Unfair Contract Terms Act 1977: Legislation governing the reasonableness of waiver terms and limitations on exclusion of liability in contracts

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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