Ƶ

Deferred Payment Agreement for Singapore

Deferred Payment Agreement Template for Singapore

A Deferred Payment Agreement under Singapore law is a legally binding contract that establishes terms for delayed or installment payments for goods, services, or other obligations. The agreement, governed by Singapore's Civil Law Act and related legislation, sets out payment schedules, interest rates, default provisions, and any security arrangements. It provides protection for both creditor and debtor by clearly defining payment obligations, remedies, and dispute resolution mechanisms.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Deferred Payment Agreement

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Deferred Payment Agreement?

A Deferred Payment Agreement is commonly used in Singapore when parties wish to structure payment obligations over time rather than requiring immediate full payment. This document is essential for businesses and individuals seeking payment flexibility while maintaining legal certainty. The agreement complies with Singapore's regulatory framework, including the Civil Law Act and Moneylenders Act, and typically includes detailed payment schedules, interest calculations, default provisions, and any security arrangements. It's particularly valuable for high-value transactions where immediate full payment isn't practical or desired.

What sections should be included in a Deferred Payment Agreement?

1. Parties: Identification and details of the contracting parties

2. Background: Context and purpose of the deferred payment arrangement

3. Definitions: Key terms used throughout the agreement

4. Payment Terms: Amount, schedule, and method of deferred payments

5. Interest: Interest rate, calculation method, and payment schedule

6. Default Provisions: Consequences and remedies in case of payment default

7. Representations and Warranties: Statements of fact and assurances made by the parties

8. Covenants: Ongoing obligations of the parties during the payment period

9. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for disputes

What sections are optional to include in a Deferred Payment Agreement?

1. Security: Details of any collateral or security provided for the deferred payment

2. Early Payment Provisions: Terms and conditions for early repayment including any penalties or discounts

3. Force Majeure: Provisions for unforeseen circumstances affecting payment ability

4. Assignment: Terms governing the transfer of rights and obligations under the agreement

5. Guarantee: Terms of any guarantee provided by a third party

What schedules should be included in a Deferred Payment Agreement?

1. Payment Schedule: Detailed breakdown of payment amounts and due dates

2. Interest Calculation Schedule: Detailed method of interest calculation with examples

3. Security Details: Specification of any assets or guarantees provided as security

4. Notice Details: Contact information and addresses for formal notices

5. Form of Guarantee: Template of guarantee document if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Publisher

Ƶ

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions



























Clauses




























Industries

Civil Law Act (Cap. 43): Primary legislation governing contract law principles in Singapore, including formation, validity, and enforcement of contracts

Contract Law (Amendment) Act 2012: Updates to Singapore's contract law framework, including modifications to contractual rights and obligations

Moneylenders Act (Cap. 188): Regulates moneylending activities and provides protection for borrowers, including interest rate caps and licensing requirements

Consumer Protection (Fair Trading) Act: Ensures fair trading practices and protects consumer interests in financial transactions

Securities and Futures Act: Regulates financial instruments and securities trading, relevant if the deferred payment involves financial products

Interest Act (Cap. 163): Governs the charging and calculation of interest in financial transactions

Late Payment of Commercial Debts (Interest) Act: Provides framework for charging interest on late commercial payments

Banking Act: Regulates banking institutions and their debt collection practices

Insolvency, Restructuring and Dissolution Act 2018: Governs insolvency proceedings and debt restructuring in Singapore

Personal Bankruptcy Act: Regulates personal bankruptcy proceedings, relevant for individual debtors

Electronic Transactions Act: Governs the validity and use of electronic signatures and electronic execution of documents

Stamp Duties Act (Cap. 312): Regulates stamp duties payable on certain types of agreements and financial instruments

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in agreements and transactions

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Web Design Contract

A Singapore-law governed agreement defining terms and conditions for website design services, including scope, deliverables, and rights.

Download

Written Agreement

A legally binding Written Agreement under Singapore law establishing contractual obligations between parties.

Download

Terms Of Employment Contract

A legally binding employment agreement under Singapore law that sets out the terms and conditions of employment between employer and employee.

Download

Terms And Conditions For Rental Agreement

A legally binding rental agreement template compliant with Singapore property laws, establishing terms between landlord and tenant.

Download

Simple Contract

A basic legal agreement under Singapore law for straightforward business transactions.

Download

Simple Agreement

A basic legal agreement governed by Singapore law, designed for straightforward commercial arrangements.

Download

Side Agreement

A Singapore law-governed supplementary agreement that modifies or clarifies terms of an existing contract.

Download

Rental Agreement Month To Month

A flexible rental agreement for Singapore properties that renews monthly, compliant with local tenancy laws.

Download

Mutual Agreement Between Two Parties

A bilateral agreement template governed by Singapore law, establishing mutual obligations and responsibilities between two parties.

Download

Legally Binding Agreement

A legally binding agreement under Singapore law establishing enforceable obligations between parties.

Download

Incorporation Agreement

A legal document establishing a new company under Singapore law, defining ownership, management structure, and governance framework.

Download

Formal Agreement

A binding legal agreement under Singapore law establishing contractual obligations between parties.

Download

Boilerplate Agreement

A standard template agreement under Singapore law for establishing basic business relationship terms and conditions.

Download

Amended Contract

A Singapore law-governed document that formally modifies terms of an existing contract while maintaining its core validity.

Download

Tooling Agreement

A Singapore law-governed agreement establishing terms for the manufacture and supply of industrial tools, including specifications, quality standards, and commercial terms.

Download

Service Agreement Terms And Conditions

A Singapore law-governed agreement defining the terms and conditions for service provision between parties.

Download

Representation Agreement

A Singapore-law governed agreement establishing the terms and conditions between a principal and their appointed representative.

Download

Provisional Agreement

A preliminary binding contract under Singapore law that establishes framework terms for a future detailed agreement.

Download

Preliminary Agreement

A Singapore-law governed initial framework document that establishes preliminary terms between parties before a definitive agreement.

Download

Land Agreement Between Two Parties

A Singapore-law governed agreement for the transfer or sale of land between two parties, incorporating local property law requirements and regulations.

Download

Common Terms Agreement

A Singapore law-governed agreement establishing standard terms for syndicated lending facilities.

Download

Buyer Agency Agreement

A Singapore-compliant agreement establishing representation terms between a property buyer and real estate agent.

Download

Subordination Agreement Mortgage

A Singapore law agreement establishing priority between multiple mortgage interests over the same property, with junior lenders subordinating their interests to the senior lender.

Download

Statement Of Agreement

A formal declaration document under Singapore law that records specific agreements or acknowledgments between parties.

Download

Work Contract Between Two Companies

A legal agreement for the sale and purchase of land in Singapore, conforming to local property laws and regulations.

Download

Preliminary Contract

A Singapore-law governed preliminary agreement that establishes initial terms and framework for future detailed contracts.

Download

Employee Accommodation Agreement

A formal legal document under Singapore law that establishes a binding agreement for the transfer of property or assets between seller and buyer.

Download

Contractual Agreement

A legally binding agreement under Singapore law establishing terms and conditions between parties for business relationships.

Download

Labour Contract Agreement For Construction Of House

A legal agreement governing employment terms for house construction workers in Singapore, complying with local labor and construction laws.

Download

Partnership Agreement

A Singapore-law governed agreement establishing the terms and conditions of a partnership between two or more parties.

Download

Business Cooperation Agreement

A Singapore-governed agreement establishing terms and conditions for business collaboration between parties.

Download

Lodger Agreement

A Singapore-compliant legal agreement between a resident landlord and a lodger for sharing residential accommodation.

Download

Training Agreement Between Company And Employee

A legally binding agreement under Singapore law that establishes terms and conditions between service providers and users.

Download

Head Of Terms Agreement

A preliminary agreement under Singapore law outlining key terms and conditions for a proposed business transaction or arrangement.

Download

Business Contract

A Singapore law-governed business contract for establishing commercial relationships between business entities.

Download

Dispute Resolution Agreement

A Singapore law-governed agreement establishing procedures for resolving disputes through mediation, arbitration, or other agreed methods.

Download

Bike Sale Agreement

A Singapore law-governed agreement for the sale and purchase of bicycles, including terms of sale, warranties, and regulatory compliance.

Download

Umbrella Agreement

A Singapore law-governed master agreement establishing framework terms for ongoing business relationships and subsequent specific agreements.

Download

Share Purchase Agreement

A Singapore law-governed agreement for the sale and purchase of shares in a company, setting out transaction terms and conditions.

Download

Rent To Own Agreement Form

A Singapore-compliant agreement allowing tenants to rent property with an option to purchase at a predetermined price and terms.

Download
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it