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The Labor And Material Release Form is a critical document in Saudi Arabian construction and development projects, used when contractors, subcontractors, or suppliers have completed their work and received payment. This document serves multiple purposes: it acknowledges receipt of payment, releases claims against the project owner or general contractor, and confirms compliance with local regulations including Saudi Labor Law and GOSI requirements. The form is particularly important in the Saudi Arabian context due to strict local requirements regarding worker payments and social insurance obligations. It typically includes detailed payment information, confirmation that all workers and suppliers have been paid, and may be required either as a final release or as progress releases throughout the project. The document helps protect all parties by providing clear documentation of payment and release of claims, which is essential for project closeout and final accounting.

1. Project Identification: Details of the specific project including project name, location, and contract reference numbers

2. Parties: Identification of the releasing party (contractor/supplier) and the released party (owner/general contractor)

3. Payment Acknowledgment: Confirmation of payments received, including specific amounts and payment dates

4. Scope of Release: Detailed description of claims, rights, and demands being released, including labor, materials, and services provided

5. Release Statement: Formal waiver language releasing all claims up to the date of the release

6. Representations and Warranties: Confirmation that all subcontractors and suppliers have been paid and no outstanding claims exist

7. Execution: Signature blocks, notarization requirements, and execution date