tiktok³ÉÈË°æ

All Countries
Real Estate
Conditional Waiver

Conditional Waiver Template for Hong Kong

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

4.6 / 5
4.8 / 5

Let's create your Conditional Waiver

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

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:

Conditional Waiver

"I need a Conditional Waiver under Hong Kong law for a creditor waiving late payment penalties on a HKD 2 million debt, conditional upon the debtor making three equal installment payments by March 15, 2025, with the waiver becoming void if any payment is missed."

Celebrated by
Collaborations with
Investors
Document background
The Conditional Waiver is a strategic legal instrument used in Hong Kong business transactions when one party agrees to waive certain rights or claims against another party, but only upon the fulfillment of specific conditions. This document type is particularly valuable in scenarios involving debt restructuring, contract modifications, dispute resolution, or commercial negotiations where parties seek to achieve specific outcomes before permanently waiving their rights. The Conditional Waiver must comply with Hong Kong legal requirements and typically includes detailed provisions regarding the rights being waived, specific conditions to be met, timelines for compliance, and the legal effect of the waiver once conditions are satisfied. It serves as a crucial tool for managing business relationships while maintaining legal protections until agreed conditions are met.
Suggested Sections

1. Parties: Identification of the party granting the waiver and the party receiving the benefit of the waiver

2. Background: Context of the original obligation and circumstances leading to the waiver

3. Definitions: Key terms used in the waiver document

4. Rights Being Waived: Clear specification of the rights, claims, or obligations being waived

5. Conditions: Detailed conditions that must be satisfied for the waiver to become effective

6. Timeline: Specific dates or periods within which conditions must be met

7. Effect of Waiver: Legal consequences once conditions are met and waiver becomes effective

8. Governing Law: Confirmation of Hong Kong law as governing law

9. Execution: Signature blocks and execution requirements

Optional Sections

1. Representations and Warranties: Used when parties need to make specific statements about their authority or circumstances - include for complex commercial situations

2. Confidentiality: Include when the waiver involves sensitive commercial information

3. Non-admission of Liability: Include when the waiver is part of a dispute resolution

4. Reservation of Rights: Include when certain rights need to be preserved despite the waiver

5. Further Assurance: Include when additional actions may be needed from parties to give effect to the waiver

6. Notices: Include when formal communication procedures need to be established

7. Severability: Include in complex waivers where certain provisions might be challenged

Suggested Schedules

1. Conditions Precedent: Detailed list of conditions that must be satisfied

2. Payment Schedule: If the waiver is conditional upon payments, details of payment amounts and timing

3. Original Agreement: Copy or extract of the original agreement containing the rights being waived

4. Required Actions: Specific actions required by either party to satisfy conditions

5. Form of Confirmation: Template for confirming when conditions have been met

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 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

Banking & Finance

Real Estate & Property

Construction

Manufacturing

Professional Services

Retail

Technology

Infrastructure

Energy

Healthcare

Telecommunications

Shipping & Logistics

Insurance

Investment Management

Commercial Trading

Relevant Teams

Legal

Finance

Compliance

Risk Management

Commercial Operations

Credit Control

Business Development

Contract Administration

Company Secretariat

Treasury

Operations

Relevant Roles

Legal Counsel

Chief Legal Officer

Contract Manager

Risk Manager

Compliance Officer

Chief Financial Officer

Commercial Director

Project Manager

Business Development Manager

Credit Controller

Collections Manager

Property Manager

Company Secretary

Finance Director

Operations Director

Industries






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

Find the exact document you need

Conditional Waiver And Release Of Lien

A Hong Kong law-governed document that conditionally releases construction lien rights upon receipt of specified payment, commonly used in construction and development projects.

find out more

Unconditional Waiver And Release

A Hong Kong law-governed document that provides for the immediate and unconditional waiver of rights or claims by one party in favor of another, with no conditions attached.

find out more

Construction Liability Waiver

A Hong Kong law-governed document that establishes terms for waiving specific construction-related liabilities between project parties while maintaining compliance with local construction and safety regulations.

find out more

Unconditional Waiver And Release Of Lien

A Hong Kong law-governed document that unconditionally waives a contractor's or supplier's right to place a lien on a property after receiving payment for work or materials.

find out more

Conditional Waiver

A Hong Kong law-governed document that waives specific rights or obligations upon satisfaction of defined conditions.

find out more

Unconditional Sale And Purchase Agreement

A Hong Kong law-governed agreement for the unconditional sale and purchase of real property, setting out definitive terms for property transfer and parties' obligations.

find out more

Part Time To Full Time Offer Letter

A Hong Kong-compliant offer letter converting a part-time employee to full-time status, outlining new employment terms and conditions.

find out more

Lien Affidavit

A sworn legal document under Hong Kong law that establishes a claim against property for unpaid work, services, or materials.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.