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Final Lien Release Form

Final Lien Release Form Template for India

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Key Requirements PROMPT example:

Final Lien Release Form

"I need a Final Lien Release Form for a completed residential construction project in Mumbai, India, where our company was the general contractor and we've received the final payment of ₹2.5 crore on January 15, 2025."

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Document background
The Final Lien Release Form is a critical document in Indian construction and development projects, used when a contractor, subcontractor, or supplier has completed their work and received final payment. It operates under the framework of the Transfer of Property Act, 1882, and the Indian Contract Act, 1872, providing legal finality to construction-related payment obligations. This document is typically executed upon project completion or phase completion when final payment has been made. The form includes detailed information about the project, parties involved, payment received, and specific property details. It serves as a crucial risk management tool for property owners and developers by preventing future claims against the property, while also providing contractors and suppliers with a formal mechanism to acknowledge payment receipt and project completion.
Suggested Sections

1. Identification of Parties: Details of the Lien Holder (contractor/supplier) and the Property Owner/General Contractor

2. Project Information: Specific details about the construction project, including property address and project description

3. Payment Acknowledgment: Confirmation of receipt of final payment, including the amount received

4. Release Statement: Formal waiver and release of all lien rights related to the project

5. Property Description: Legal description of the property for which the lien rights are being released

6. Governing Law: Statement that the release is governed by Indian law

7. Signature Block: Space for authorized signatures, witness details, and notarization

Optional Sections

1. Conditional Release Clause: Include when the release is contingent upon receipt of final payment

2. Reservation of Rights: Include when certain rights need to be preserved despite the general release

3. Warranty Statement: Include when the release includes ongoing warranty obligations

4. Prior Rights Waiver: Include when there's a need to explicitly waive rights from previous work periods

5. Indemnification: Include when additional protection against future claims is required

Suggested Schedules

1. Schedule A - Payment Details: Detailed breakdown of payments received and final payment amount

2. Schedule B - Project Scope: Detailed description of work completed or materials supplied

3. Schedule C - Property Documents: Copies of relevant property documents and legal descriptions

4. Appendix 1 - Supporting Documents: Copies of invoices, payment receipts, and other relevant documentation

5. Appendix 2 - Previous Partial Releases: Copies of any partial lien releases previously executed for the project

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

Construction

Real Estate Development

Infrastructure

Commercial Property

Residential Property

Industrial Development

Manufacturing

Hospitality

Healthcare Facilities

Education Facilities

Retail Development

Mining

Energy and Utilities

Relevant Teams

Legal

Operations

Project Management

Construction

Finance

Procurement

Risk Management

Property Management

Contract Administration

Development

Relevant Roles

Project Manager

Construction Manager

Contract Administrator

Legal Counsel

Property Developer

Site Supervisor

Procurement Manager

Financial Controller

Operations Director

Development Manager

Real Estate Manager

Facilities Manager

Construction Director

Chief Operating Officer

Risk Manager

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

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