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Full Unconditional Lien Waiver
"I need a Full Unconditional Lien Waiver for a completed office building project in Lagos, where we've made the final payment of ₦150 million to the general contractor on March 15, 2025, and need to ensure all subcontractors' rights are also waived."
1. Parties: Identification of the Lien Holder (contractor, subcontractor, or supplier) and the Property Owner/General Contractor
2. Background: Context of the original contract, work performed, and the basis for the lien rights being waived
3. Definitions: Key terms used in the waiver including 'Project', 'Property', 'Contract', 'Lien Rights', and 'Payment Amount'
4. Acknowledgment of Payment: Confirmation of receipt of payment and the specific amount received
5. Waiver and Release: Unconditional waiver of all lien rights related to the work performed and materials supplied
6. Representation and Warranties: Statements confirming authority to execute the waiver and that all laborers and suppliers have been paid
7. Governing Law: Specification that Nigerian law governs the waiver
8. Execution: Signature blocks, notarization requirements, and date of execution
1. Prior Lien Rights: Section addressing any existing recorded liens that need to be specifically released
2. Indemnification: Additional provisions where the lien holder agrees to indemnify the property owner against future claims
3. Subcontractor Confirmation: Section for additional confirmation from subcontractors if the waiver is being given by a general contractor
4. Surviving Claims: Section specifying any claims or rights that survive the waiver, if applicable
5. Notice Provisions: Required when there are specific notice requirements for future communications
1. Schedule A - Property Description: Legal description of the property subject to the lien waiver
2. Schedule B - Payment Details: Detailed breakdown of payments received and work performed
3. Schedule C - Project Scope: Description of the work or materials provided under the original contract
4. Appendix 1 - Supporting Documents: Copies of relevant invoices, payment proof, and original contract references
5. Appendix 2 - Authorization Documents: Corporate resolutions or power of attorney documents proving authority to execute the waiver
Authors
Construction
Real Estate Development
Infrastructure
Oil and Gas
Mining
Commercial Property
Industrial Development
Residential Development
Engineering Services
Manufacturing
Legal
Construction
Project Management
Finance
Operations
Risk Management
Procurement
Real Estate
Commercial
Contract Administration
Project Manager
Construction Manager
Contract Administrator
Legal Counsel
Property Developer
Site Supervisor
Procurement Manager
Finance Director
Real Estate Manager
Operations Director
Risk Manager
Claims Manager
Development Director
Commercial Manager
Chief Financial Officer
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