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The Unconditional Waiver And Release On Progress Payment is a critical document in Nigerian construction projects that facilitates smooth payment processes while protecting all parties' interests. It is typically used when a contractor or subcontractor has received a progress payment and needs to provide absolute assurance that they waive all rights to liens and claims for that payment period. This document, governed by Nigerian contract law and construction regulations, differs from conditional waivers as it takes effect immediately upon execution, regardless of payment status. It should be used carefully and typically only when payment has already been received or is being exchanged simultaneously with the waiver. The document includes specific payment details, project information, and clear waiver language that complies with Nigerian legal requirements.

1. Parties: Identifies the party providing the waiver (typically the contractor/subcontractor) and the party receiving the waiver (typically the owner/general contractor)

2. Project Identification: Details of the construction project including project name, location, and any relevant project numbers or identifiers

3. Definitions: Key terms used in the waiver including 'Progress Payment', 'Waiver and Release', and other relevant terms

4. Progress Payment Details: Specific information about the progress payment including amount, payment period, and payment date

5. Waiver Statement: The core unconditional waiver language releasing rights up to the specified payment amount

6. Scope of Release: Detailed description of what rights, claims, and liens are being waived through this document

7. Representations and Warranties: Statements confirming the signing party's authority and that all subcontractors/suppliers have been paid

8. Execution: Signature blocks, date, and notary section if required