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Lien Release Waiver

Lien Release Waiver Template for Nigeria

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Key Requirements PROMPT example:

Lien Release Waiver

"I need a Lien Release Waiver for a residential construction project in Lagos, Nigeria, where I'm the general contractor releasing lien rights upon final payment of NGN 15 million, with the release to be conditional upon receiving payment by March 15, 2025."

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Document background
The Lien Release Waiver is a crucial document in Nigerian construction and property development projects, used when a contractor, subcontractor, or supplier has completed their work or delivered materials and received payment. This document provides legal protection for property owners and developers by ensuring that no future claims can be made against the property for work already compensated. The waiver must conform to Nigerian contract law and property regulations, requiring careful attention to local legal requirements and customary practices. It typically includes details of the payment received, property description, scope of work completed, and specific rights being waived. The document can be either conditional (pending payment) or unconditional (after payment), and may be partial (for specific work phases) or final (for project completion).
Suggested Sections

1. Parties: Identification of the parties: the lien holder (contractor, subcontractor, or supplier) and the property owner or prime contractor

2. Background: Brief context about the original contract, work performed, and circumstances leading to the lien release

3. Definitions: Key terms used in the document, including 'Project,' 'Property,' 'Lien Rights,' and 'Payment Amount'

4. Payment Acknowledgment: Confirmation of the amount received or to be received as consideration for the lien release

5. Waiver and Release: Core section detailing the specific lien rights being waived and the extent of the release

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

7. Warranties and Representations: Statements confirming the lien holder's authority to execute the waiver and that no assignment of lien rights has occurred

8. Governing Law: Specification that Nigerian law governs the waiver

9. Execution: Signature blocks, witness requirements, and execution date

Optional Sections

1. Conditional Release Provisions: Used when the release is conditional upon receipt of payment

2. Partial vs. Final Release: Include when specifying whether this is a partial or final release of lien rights

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

4. Indemnification: Used when additional protection is needed for the property owner

5. Notarization Requirements: Include when formal notarization is required or preferred

6. Previous Payments: Include when acknowledging prior payments received for the project

Suggested Schedules

1. Schedule A - Property Details: Detailed legal description of the property and relevant title information

2. Schedule B - Payment Details: Breakdown of payments received and/or pending, including relevant dates

3. Schedule C - Original Contract Reference: Details of the original contract or work order that gave rise to the lien rights

4. Appendix 1 - Supporting Documents: Copies of relevant permits, certificates, or other supporting documentation

5. Appendix 2 - Project Scope: Description of completed work or supplied materials covered by the release

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

Infrastructure Development

Property Development

Engineering

Architecture

Building Materials

Commercial Property

Residential Property

Industrial Development

Relevant Teams

Legal

Construction

Project Management

Procurement

Commercial

Risk Management

Property Development

Contracts Administration

Operations

Finance

Relevant Roles

Construction Manager

Project Manager

Contract Administrator

Legal Counsel

Property Developer

Site Supervisor

Procurement Manager

Claims Manager

Risk Manager

Commercial Director

Development Director

Construction Director

Legal Officer

Property Manager

Contract 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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