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Waiver And Release Of Lien

Waiver And Release Of Lien Template for Nigeria

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Key Requirements PROMPT example:

Waiver And Release Of Lien

"I need a Waiver and Release of Lien document for a completed residential construction project in Lagos, Nigeria, where my company has received full payment of NGN 25 million from the property owner, and we need to release all lien rights as of March 15, 2025."

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Document background
The Waiver and Release of Lien is a critical document in Nigerian construction and development projects, used when a contractor, subcontractor, or supplier has received payment for their services or materials and agrees to relinquish their lien rights on the property. This document is essential for property owners and developers to maintain clear title to their property and is often required before final payment is released. It must comply with Nigerian property law, including the Land Use Act of 1978 and relevant contract law principles. The document typically includes details of the property, the work performed, payment received, and specific language waiving all rights to place a lien on the property. Given Nigeria's legal framework, which combines common law, customary law, and statutory requirements, proper execution and registration of the Waiver and Release of Lien is crucial for its validity.
Suggested Sections

1. Parties: Identification of the parties including the Lien Holder/Contractor/Subcontractor (Releasor) and the Property Owner/General Contractor (Releasee)

2. Background: Context of the original work performed, reference to the original contract, and description of the property involved

3. Definitions: Key terms used in the document including 'Lien Rights', 'Property', 'Work Performed', and 'Contract Price'

4. Acknowledgment of Payment: Confirmation of the amount received and that it represents payment in full or agreed partial payment

5. Waiver and Release: The core section containing the explicit waiver language and release of all lien rights

6. Property Description: Detailed legal description of the property against which the lien rights are being waived

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

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

9. Execution: Signature blocks, witness requirements, and notarization provisions

Optional Sections

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

2. Subcontractor Confirmation: Added when there are subcontractors who need to confirm payment and waive their rights

3. Partial Waiver Provisions: Included when the waiver applies only to a specific portion of work or specific time period

4. Reservation of Rights: Used when certain rights or claims are specifically preserved despite the general release

5. Previous Payments Schedule: Added when there is a need to document the history of payments made

6. Indemnification: Included when additional protection is needed against future claims

Suggested Schedules

1. Schedule A - Property Description: Detailed legal description of the property including survey details and land registration information

2. Schedule B - Payment Details: Breakdown of payments received and remaining amounts if applicable

3. Schedule C - Work Description: Detailed description of the work performed for which the lien rights are being waived

4. Appendix 1 - Supporting Documents: Copies of relevant contracts, invoices, or payment receipts

5. Appendix 2 - Required Statutory Forms: Any standard forms required under Nigerian law for lien releases

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






























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Relevant Industries

Construction

Real Estate

Infrastructure Development

Oil and Gas

Mining

Commercial Property

Industrial Development

Residential Development

Manufacturing

Energy

Relevant Teams

Legal

Construction

Operations

Commercial

Procurement

Compliance

Risk Management

Property Management

Project Management

Contract Administration

Relevant Roles

Construction Manager

Project Manager

Contract Administrator

Legal Counsel

Property Developer

Site Supervisor

Procurement Manager

Real Estate Manager

Construction Director

Compliance Officer

Risk Manager

Commercial Manager

Operations Director

Development 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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