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Conditional Lien Waiver

Conditional Lien Waiver Template for Singapore

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Key Requirements PROMPT example:

Conditional Lien Waiver

"I need a Conditional Lien Waiver for a commercial construction project in Singapore, where we'll release the contractor's lien rights upon receipt of the final payment of SGD 2.5M, expected in March 2025."

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Document background
A Conditional Lien Waiver is commonly used in Singapore's construction and development industry when parties need to manage payment security and lien rights. The document allows a lien holder to waive their right to file a lien against a property, but only after specific conditions are met, most commonly the receipt of payment. This arrangement provides protection for both the property owner and the lien holder, ensuring that rights are only waived once agreed-upon conditions are satisfied. The document must comply with Singapore's SOPA and related legislation, making it a crucial tool in construction payment management.
Suggested Sections

1. Project Identification: Details of the project, property, or work related to the lien including project name, address, and reference numbers

2. Parties: Full identification of lien holder and property owner/contractor, including registration numbers and addresses

3. Waiver Amount: Specific amount being waived, including any applicable taxes and the currency

4. Conditions: Specific conditions that must be met for the waiver to take effect, including payment terms and verification requirements

5. Scope of Waiver: Exact rights being waived and any limitations, including the time period covered by the waiver

Optional Sections

1. Progress Payment Details: Details of specific progress payments including payment schedule, amounts, and relevant dates

2. Retention Rights: Specification of any retained rights and conditions under which they may be exercised

3. Third Party Rights: Provisions regarding the impact on rights of subcontractors or other related parties

Suggested Schedules

1. Schedule A - Payment Schedule: Detailed breakdown of payments, including amounts, dates, and payment conditions

2. Schedule B - Project Documents: List and copies of relevant contracts, permits, or other project documentation

3. Schedule C - Property Description: Legal description of the property including lot numbers, bouNDAries, and any relevant certificates of title

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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Industries

Building and Construction Industry Security of Payment Act (SOPA): Primary legislation governing payment claims and security of payment in the construction industry, particularly relevant for progress payments and payment disputes

Contract Law Act (Cap. 43): Governs the general principles of contract formation and enforcement, ensuring the waiver is legally binding

Civil Law Act (Cap. 43): Provides the legal framework for civil matters including contracts and property rights

Building Control Act: Relevant legislation when the lien relates to construction work and building regulations

Conveyancing and Law of Property Act: Crucial legislation for understanding property rights and encumbrances in Singapore

Conditional Nature Requirements: Legal requirements regarding the specific conditions that need to be met for the waiver to take effect

Scope of Waiver: Legal considerations regarding the extent and limitations of the rights being waived

Notice Requirements: Legal obligations regarding proper notification and communication between parties

Payment Terms and Conditions: Legal framework governing the payment terms and conditions that must be satisfied for the waiver to be effective

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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