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The Conditional Waiver and Release on Progress Payment is a crucial document used in Pakistani construction and development projects when partial payments are made during ongoing work. It serves as a legally binding instrument that balances the interests of payment recipients (typically contractors or subcontractors) and paying parties (usually property owners or developers). Operating within Pakistan's legal framework, particularly the Contract Act 1872 and provincial construction regulations, this document ensures that upon receipt of a specific progress payment, certain rights and claims related to that payment are waived, while maintaining rights to unpaid amounts, retention, and unresolved claims. The conditional nature of the waiver provides security for both parties - the recipient maintains lien and claim rights until payment is actually received, while the paying party receives documented assurance of release from claims upon making the payment.

1. Parties: Identification of the Claimant (party giving the waiver) and the Owner/Contractor (party making the payment), including their legal names, addresses, and registration details

2. Background: Brief description of the underlying construction project, original contract, and the context of this progress payment

3. Definitions: Key terms used in the document including 'Progress Payment', 'Conditional Waiver', 'Through Date', and 'Effective Date'

4. Progress Payment Information: Details of the specific progress payment including amount, payment period, and through date

5. Conditional Waiver Statement: Clear statement that the waiver and release takes effect only upon receipt of the specified payment

6. Scope of Waiver: Specific description of what claims and rights are being waived, limited to the progress payment period

7. Exceptions and Reservations: List of rights and claims specifically reserved and not waived

8. Representations and Warranties: Claimant's confirmations regarding authority to execute, no prior assignments, and accuracy of claimed amounts

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