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The Final Waiver of Lien Form is a crucial document in Saudi Arabian construction and development projects, used when a contractor, subcontractor, or supplier has received final payment for their services or materials. This document is particularly important in the Saudi Arabian context, where construction laws and Sharia principles govern such transactions. The Final Waiver of Lien Form serves as official confirmation that all payments have been received and that the executing party surrenders any right to file a lien against the property. It typically includes details of the project, parties involved, payment information, and explicit waiver language. The document is commonly required before final payment release and project closure, and may need to be authenticated by relevant authorities in Saudi Arabia. It provides protection for property owners and developers while offering a clear mechanism for contractors and suppliers to formally acknowledge payment receipt and release their lien rights.

1. Document Title and Date: Clear identification of the document as a Final Waiver of Lien with date of execution

2. Party Information: Complete legal names and addresses of the Contractor/Subcontractor (Lien Waiver) and the Property Owner/General Contractor (Beneficiary)

3. Project Details: Specific information about the construction project, including project name, address, and any relevant permit numbers

4. Payment Acknowledgment: Explicit acknowledgment of receipt of final payment, including the exact amount received

5. Waiver Declaration: Clear and unequivocal statement waiving all lien rights and claims

6. Prior Rights Waiver: Statement waiving any previously existing lien rights or claims

7. Islamic Law Compliance: Statement confirming compliance with Sharia principles

8. Execution Block: Signature blocks for all parties, including spaces for witnesses and official stamps