Document background
The Contractor Release Of Liability Form is a crucial risk management document used in the Philippines when completing contractor relationships or specific project phases. It becomes relevant upon the successful completion of contracted work, serving to formally document that all obligations have been met and releasing parties from future claims or liabilities. This document type is particularly important in the Philippine context, where construction and contractor relationships are governed by specific provisions in the Civil Code, the National Building Code, and various DOLE regulations. The form should be used when all contracted work has been completed satisfactorily, all payments have been made, and parties wish to create a clear record that closes out their obligations to each other. It typically includes details about the work performed, confirmation of completion, payment status, and specific terms of the release.
