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Vendor Lien Waiver
"I need a Vendor Lien Waiver for our Manila construction project, where we're making a final payment of 2.5M PHP to our steel supplier on March 15, 2025, and need them to waive all remaining lien rights."
1. Parties: Identification of the vendor waiving lien rights and the party receiving the waiver
2. Background: Description of the project, original contract, and context of the work performed
3. Definitions: Key terms used in the waiver, including 'Lien Rights', 'Project', 'Work', and 'Payment'
4. Receipt of Payment: Acknowledgment of payment received, including specific amount and payment details
5. Waiver and Release: Explicit waiver of lien rights and release of claims related to the work performed
6. Scope of Waiver: Clear delineation of what rights are being waived and any limitations
7. Representations and Warranties: Vendor's confirmation of authority to waive liens and that no liens have been filed
8. Governing Law: Specification that Philippine law governs the waiver
9. Execution: Signature blocks and notarization requirements
1. Conditional Provisions: Used when the waiver is conditional upon receipt of payment
2. Subcontractor Confirmation: Include when subcontractors need to confirm payment and waive their rights
3. Retention Rights: Required when dealing with retained amounts that are not covered by the waiver
4. Previous Payments: Include when documenting a series of payments and previous partial waivers
5. Exceptions and Reservations: Used when certain claims or rights are specifically reserved
6. Indemnification: Include when additional protection against future claims is required
1. Schedule A - Project Details: Detailed description of the project and work performed
2. Schedule B - Payment History: Record of all payments made and previous partial waivers
3. Schedule C - Subcontractor List: List of all subcontractors and their waiver status
4. Appendix 1 - Original Contract Reference: Summary or copy of relevant portions of the original contract
5. Appendix 2 - Supporting Documents: Copies of relevant invoices, delivery receipts, or work completion certificates
Authors
Construction
Real Estate Development
Infrastructure
Manufacturing
Engineering
Industrial Projects
Commercial Development
Residential Development
Mining
Energy
Telecommunications
Legal
Procurement
Finance
Construction Management
Project Management
Vendor Relations
Contract Administration
Commercial
Risk Management
Property Management
Project Manager
Contract Administrator
Construction Manager
Procurement Manager
Legal Counsel
Finance Manager
Construction Supervisor
Site Manager
Property Developer
Vendor Relations Manager
Claims Manager
Account Manager
Commercial Manager
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