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Contractor Waiver And Release Form

Contractor Waiver And Release Form Template for Saudi Arabia

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Key Requirements PROMPT example:

Contractor Waiver And Release Form

"I need a Contractor Waiver and Release Form for a residential construction project in Riyadh, Saudi Arabia, where the contractor will receive final payment of 500,000 SAR in March 2025, and we need to ensure all subcontractor claims are also released."

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Document background
The Contractor Waiver And Release Form is a crucial document in Saudi Arabian construction and commercial projects, used when a contractor has completed their work and received payment. This document serves as protection for project owners and developers against future claims while providing contractors with a formal process for closing out their contractual obligations. It must be drafted in accordance with Saudi Labor Law, Civil Transactions Law, and Sharia principles, making it particularly important to include proper legal formulations and acknowledgments. The form can be either conditional (pending payment) or unconditional (after payment received), and typically includes detailed information about the project, payment amounts, and specific claims being waived. It's commonly used at project milestones, completion stages, or when making progress payments.
Suggested Sections

1. Parties: Identification of the contractor and the party receiving the waiver, including full legal names, addresses, and commercial registration details

2. Background: Brief description of the project or work performed, reference to the original contract, and context for the waiver

3. Definitions: Key terms used in the waiver, including 'Project', 'Contract', 'Claims', 'Payment', and other relevant terms

4. Acknowledgment of Payment: Statement confirming the amount received or to be received as consideration for the waiver

5. Scope of Release: Detailed description of what claims, rights, and obligations are being waived and released

6. Representations and Warranties: Contractor's confirmation of authority to execute the waiver and that no claims have been assigned

7. Exceptions: Any specific claims or rights that are explicitly not waived or released

8. Governing Law: Confirmation that Saudi law governs the waiver and reference to Sharia compliance

9. Execution: Signature blocks and formal execution requirements under Saudi law

Optional Sections

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

2. Subcontractor Releases: Include when the contractor needs to confirm that all subcontractors have also released their claims

3. Retention Release: Used when the waiver includes release of retention amounts

4. Future Claims Waiver: Optional section for waiving unknown future claims (must be carefully drafted under Saudi law)

5. Dispute Resolution: Include when parties want to specify particular dispute resolution mechanisms

6. Language Provision: Include when the document is bilingual Arabic/English to specify which version prevails

7. Indemnification: Include when the contractor agrees to indemnify against future claims

Suggested Schedules

1. Schedule of Payments: Detailed breakdown of payments received and/or pending that are covered by the waiver

2. Project Details: Specific description of the work or project covered by the waiver

3. List of Subcontractors: When applicable, list of all subcontractors who have provided separate waivers

4. Original Contract Extract: Relevant excerpts from the original contract being referenced

5. Form of Subcontractor Waiver: Template for subcontractor waivers when required

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 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

Engineering

Real Estate Development

Infrastructure

Oil & Gas

Manufacturing

Mining

Technology Services

Facilities Management

Industrial Projects

Commercial Development

Government Projects

Relevant Teams

Legal

Finance

Operations

Project Management

Commercial

Procurement

Risk Management

Contract Administration

Construction Management

Claims Management

Relevant Roles

Project Manager

Construction Manager

Contract Administrator

Legal Counsel

Commercial Director

Chief Financial Officer

Operations Manager

Site Supervisor

Procurement Manager

Claims Manager

Risk Manager

Company Director

General Counsel

Finance Manager

Project Control 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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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