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Unconditional Waiver And Release Of Lien
I need an Unconditional Waiver and Release of Lien for our Copenhagen residential construction project, where we need to document final payment of 2.5M DKK to our general contractor Nordic Builders A/S, to be executed by March 15, 2025.
1. Parties: Identification of the party providing the waiver (typically a contractor, subcontractor, or supplier) and the party receiving the waiver (typically the property owner or general contractor)
2. Background: Brief context about the original contract, work performed, or services provided that gave rise to the lien rights
3. Definitions: Key terms used in the document, including 'Property', 'Contract', 'Lien Rights', and 'Payment Amount'
4. Acknowledgment of Payment: Confirmation of receipt of payment and the amount received
5. Waiver and Release: Core section containing the unconditional waiver language and release of all lien rights
6. Property Description: Legal description of the property to which the lien rights pertained
7. Representations and Warranties: Statements confirming the waiving party's authority to execute the waiver and that no assignment of lien rights has occurred
8. Governing Law: Specification of Danish law as the governing law and jurisdiction
9. Execution: Signature blocks and date of execution
1. Third Party Rights: Section addressing any third-party beneficiaries or related parties who may benefit from the waiver, used when multiple parties are involved in the project
2. Reservation of Rights: Section preserving specific rights not intended to be waived, used when certain claims or rights should be explicitly preserved
3. Insurance Claims: Section addressing any ongoing or potential insurance claims, used when insurance matters are relevant to the waiver
4. Certification: Additional certification of the waiver by a legal representative or notary, used when extra formality is required
5. Language: Clause specifying the controlling language version if the document is bilingual, used when dealing with international parties
1. Schedule A - Property Details: Detailed legal description of the property and relevant cadastral information
2. Schedule B - Payment Details: Breakdown of payments received and confirmation of amounts
3. Schedule C - Original Contract: Copy or summary of the original contract or agreement that gave rise to the lien rights
4. Appendix 1 - Supporting Documents: Additional documentation such as proof of payment or relevant correspondence
Authors
Construction
Real Estate
Property Development
Infrastructure
Commercial Property
Residential Property
Industrial Construction
Architecture and Design
Building Materials and Supply
Facilities Management
Legal
Finance
Project Management
Operations
Risk Management
Procurement
Contract Administration
Real Estate
Construction Management
Property Management
Construction Project Manager
Real Estate Developer
Property Manager
Contract Administrator
Legal Counsel
Chief Financial Officer
Construction Site Manager
Procurement Manager
Development Director
Risk Manager
Claims Manager
Project Coordinator
Construction Lawyer
Finance Director
Operations Manager
Find the exact document you need
Unconditional Waiver And Release Of Lien
A Danish law-compliant document that unconditionally waives and releases lien rights upon payment receipt for construction work or materials supplied.
Unconditional Lien Release Form
A Danish law-governed document that provides for the complete and unconditional release of a lien or security interest in real property.
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