The Final Waiver of Lien is a crucial document in Saudi Arabian construction and development projects, used when a contractor, subcontractor, or supplier has completed their work and received final payment. This document is essential for project closure and typically follows the final payment or is provided in exchange for the final payment. Operating within Saudi Arabia's legal framework, which combines modern commercial law with Sharia principles, the Final Waiver of Lien provides assurance to property owners and developers that no future claims will be made against the property. It includes detailed information about the project, parties involved, payment received, and explicit waiver language. This document is particularly important in Saudi Arabia where construction liens operate differently from Western jurisdictions, and clear documentation of payment and release of claims is crucial for legal certainty.
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1. Project Identification: Details of the construction project, including location, contract reference numbers, and project description
2. Parties: Identification of the contractor/subcontractor waiving rights and the party receiving the waiver
3. Payment Acknowledgment: Confirmation of the final payment amount received and that it represents full payment for all work performed
4. Waiver Declaration: Express waiver of all lien rights and claims related to the project
5. Prior Rights Verification: Confirmation that no prior assignments or transfers of lien rights have been made
6. Warranty of Authority: Statement that the person executing the waiver has proper authority to do so
7. Governing Law: Specification that Saudi law governs the waiver and its interpretation
1. Conditional Clauses: Used when the waiver is conditional upon receipt of final payment
2. Subcontractor Confirmation: Added when the contractor needs to confirm all subcontractors have been paid
3. Reserved Claims: Include when specific claims or rights need to be reserved despite the general waiver
4. Insurance Claims: Added when insurance claims need to be specifically addressed or excluded from the waiver
5. Retention Release: Used when there is outstanding retention money to be released
6. Dispute ReΊμΠΣΦ±²₯: Include when specific dispute reΊμΠΣΦ±²₯ mechanisms need to be specified
1. Schedule A - Project Details: Detailed description of the project scope and work completed
2. Schedule B - Payment Summary: Breakdown of payments received and final payment details
3. Schedule C - Subcontractor List: List of all subcontractors and confirmation of their payment status
4. Appendix 1 - Supporting Documents: Copies of relevant payment receipts, completion certificates, or other supporting documentation
5. Appendix 2 - Authority Documentation: Corporate authorization documents or power of attorney if required
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Relevant Teams
Legal
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Construction
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Relevant Roles
Construction Manager
Project Manager
Contract Administrator
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Chief Financial Officer
Development Director
Site Supervisor
Procurement Manager
Commercial Director
Claims Manager
Finance Manager
Project Director
Construction Director
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