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Unconditional Waiver And Release Of Lien

Unconditional Waiver And Release Of Lien Template for Hong Kong

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Key Requirements PROMPT example:

Unconditional Waiver And Release Of Lien

"I need an Unconditional Waiver and Release of Lien for a completed residential development project in Kowloon, where our company received final payment of HKD 15 million on March 15, 2025, and we need to release all lien rights as the general contractor."

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Document background
The Unconditional Waiver And Release Of Lien is a critical document in Hong Kong's construction and property development industry, used when a contractor, subcontractor, or supplier has received payment for their services or materials and is ready to permanently relinquish their lien rights. This document is typically required before final payment is released or as part of progressive payments in construction projects. It provides property owners and developers with assurance that no future claims can be made against the property for work already paid for. The document must comply with Hong Kong's property and construction laws, including the Conveyancing and Property Ordinance (Cap. 219) and related regulations. It includes specific details about the project, payment received, and the scope of rights being waived, serving as a vital tool in maintaining clear property titles and preventing future disputes.
Suggested Sections

1. Identification of Parties: Names and details of the Contractor/Lienor and the Owner/Contractor/Party receiving the waiver

2. Project Information: Details of the construction project, including property address and project description

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

4. Payment Acknowledgment: Confirmation of receipt of payment and the specific amount received

5. Waiver and Release: Core waiver language releasing all lien rights related to the specified payment or work

6. Scope of Release: Specific description of what rights are being waived and any limitations

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

8. Governing Law: Specification that Hong Kong law governs the document

9. Execution: Signature blocks and execution requirements

Optional Sections

1. Conditional Provisions: Used when certain aspects of the waiver are subject to specific conditions being met

2. Subcontractor Confirmation: Include when the waiving party needs to confirm all subcontractors have been paid

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

4. Previous Payments Acknowledgment: Include when referencing a series of payments or prior waivers

5. Notarization Block: Include when document requires notarization for legal or administrative purposes

Suggested Schedules

1. Schedule A - Payment Details: Detailed breakdown of payment amounts, dates, and related invoices

2. Schedule B - Project Description: Detailed description of the project and property involved

3. Schedule C - Related Contracts: List of relevant contracts and agreements referenced in the waiver

4. Appendix 1 - Supporting Documents: Copies of relevant invoices, payment proofs, or other supporting documentation

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
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Relevant Industries

Construction

Real Estate

Property Development

Infrastructure

Commercial Property

Residential Property

Industrial Construction

Engineering

Architecture

Building Materials

Relevant Teams

Legal

Construction

Project Management

Finance

Procurement

Real Estate

Property Development

Contract Administration

Risk Management

Operations

Relevant Roles

Construction Manager

Project Manager

Contract Administrator

Legal Counsel

Property Developer

Construction Site Manager

Procurement Manager

Finance Manager

Development Director

Construction Company Owner

General Contractor

Subcontractor Manager

Real Estate Manager

Property 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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