Ƶ

Production Payment Agreement for Singapore

Production Payment Agreement Template for Singapore

A Production Payment Agreement under Singapore law is a specialized financing arrangement where an investor provides upfront capital in exchange for a share of future production revenue from a specific asset or operation. The agreement, governed by Singapore's robust commercial law framework, establishes the terms for calculating, paying, and securing these production-based payments. It includes detailed provisions for payment mechanics, production monitoring, and risk allocation, while incorporating Singapore's stringent regulatory requirements and common law principles.

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
Production Payment Agreement

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

What is a Production Payment Agreement?

Production Payment Agreements are commonly used in resource-based and manufacturing industries as alternative financing instruments. Under Singapore law, these agreements provide a structured framework for investors to receive returns based on actual production output rather than fixed interest payments. The agreement typically defines the scope of production subject to payment rights, calculation methodologies, payment schedules, and security arrangements. A Production Payment Agreement is particularly useful when traditional debt financing is not suitable or when parties prefer to link returns directly to production performance. The document incorporates Singapore's comprehensive commercial law framework, including relevant provisions from the Contracts Act and Securities and Futures Act.

What sections should be included in a Production Payment Agreement?

1. Parties: Identification of all parties to the agreement, including full legal names and addresses

2. Background/Recitals: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement including references to Singapore legislation such as Contracts Act, Civil Law Act, and Companies Act

4. Production Payment Terms: Core terms defining the production payment, calculation method, and payment schedule in compliance with Singapore financial regulations

5. Property Description: Detailed description of the property or asset generating the production

6. Payment Mechanics: Procedures for calculating, making and receiving payments, incorporating relevant Singapore banking and payment services regulations

7. Representations and Warranties: Standard assurances from both parties, including compliance with Singapore regulatory requirements

8. Term and Termination: Duration of agreement and termination provisions

9. Governing Law: Specification of Singapore law and jurisdiction, including reference to relevant legislation and common law principles

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

1. Security Arrangements: Details of any security interests, subject to Singapore secured transactions rules

2. Insurance: Required insurance coverage and compliance with Singapore insurance regulations

3. Force Majeure: Provisions for unforeseen circumstances affecting production

4. Assignment: Rights to transfer the agreement, subject to Singapore law on assignment of rights

What schedules should be included in a Production Payment Agreement?

1. Production Schedule: Detailed production targets and timelines

2. Payment Calculation Formula: Detailed methodology for calculating payments in accordance with Singapore financial regulations

3. Property Details: Technical specifications of property/asset and relevant regulatory compliance requirements

4. Security Documents: Forms of security arrangements if applicable, compliant with Singapore security interest regulations

5. Required Notices: Templates for required notifications under Singapore law

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

Payment Agreement

Sector

Banking

Cost

Free to use
Relevant legal definitions






























Clauses






























Industries

Contracts Act (Cap. 53): Primary legislation governing contract formation, validity, and enforcement in Singapore. Essential for establishing basic contractual framework of the Production Payment Agreement.

Civil Law Act (Cap. 43): Fundamental legislation governing civil matters in Singapore, including contractual relationships and remedies for breach of contract.

Companies Act (Cap. 50): Regulates corporate entities in Singapore. Relevant when parties to the Production Payment Agreement are corporations, governing their capacity to enter into contracts.

Securities and Futures Act (Cap. 289): Relevant if the production payment arrangement could be characterized as a securities offering, requiring compliance with securities regulations.

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data. Must be considered when handling personal information of parties or their representatives.

Goods and Services Tax Act: Addresses tax implications of the production payment arrangement, including GST obligations and requirements.

Energy Market Authority regulations: Specific regulations applicable if the Production Payment Agreement relates to oil and gas production.

Mining Act: Relevant if the Production Payment Agreement involves mining operations or mineral rights in Singapore.

Banking Act (Cap. 19): Governs banking operations and financial transactions, particularly relevant for payment mechanisms and financial security arrangements.

Payment Services Act 2019: Regulates payment systems and payment service providers, important for structuring payment mechanisms in the agreement.

Insolvency, Restructuring and Dissolution Act 2018: Addresses insolvency scenarios and creditor rights, crucial for risk mitigation in long-term production payment arrangements.

Singapore Common Law Principles: Body of case law and legal principles derived from English common law, providing interpretative guidance for contractual terms and obligations.

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

Freelance Payment Contract

A Singapore-law governed contract defining payment terms and conditions between clients and freelancers.

find out more

Undertaking Letter For Commission Payment

A Singapore law-governed undertaking letter that commits to specific commission payments, outlining terms and conditions between parties.

find out more

Tripartite Agreement For Third Party Payment

A Singapore-law governed agreement establishing terms for a third party to make payments on behalf of a debtor to a creditor.

find out more

Settlement Agreement Payment Terms

A Singapore law-governed document specifying the terms and conditions for settlement payments between parties to resolve a dispute.

find out more

Royalty Agreement Form

A Singapore-law governed agreement establishing terms for intellectual property licensing and royalty payments.

find out more

Recurring Payment Agreement

A Singapore-law governed agreement establishing terms for automated regular payments between parties, compliant with local payment services and consumer protection regulations.

find out more

Rental Agreement Advance Payment

A Singapore-compliant legal document governing advance rental payments between landlord and tenant, including payment terms and conditions.

find out more

Personal Loan Repayment Agreement

A legally binding agreement under Singapore law that establishes terms for personal loan repayment, including loan amount, interest, and payment schedule.

find out more

Payment Plan Letter To Debtor

A Singapore-compliant formal agreement establishing structured repayment terms for outstanding debt.

find out more

Payment For Non Compete Agreement

A Singapore-governed agreement providing payment in exchange for post-employment non-compete restrictions.

find out more

Payment For Contract

A Singapore-law governed agreement establishing payment terms and conditions for contractual obligations.

find out more

Pay Off Agreement

A Singapore-law governed agreement detailing terms and conditions for debt settlement, including payment schedule and release provisions.

find out more

Pay Back Contract

A legally binding agreement under Singapore law that establishes terms for the repayment of funds between parties.

find out more

Partial Payment Agreement For Lot

A Singapore-governed agreement establishing terms for purchasing a lot through structured partial payments, detailing payment schedule and parties' obligations.

find out more

Partial Payment Agreement For House And Lot

A Singapore-compliant agreement outlining terms for purchasing property through structured partial payments.

find out more

Loan Repayment Agreement Letter

A Singapore-compliant agreement outlining loan repayment terms and conditions between lender and borrower.

find out more

Non Payment Agreement

A Singapore-law governed agreement that formally documents terms and conditions for the non-payment or modification of financial obligations between parties.

find out more

Lot Payment Agreement

A Singapore-governed agreement establishing terms and payment schedule for purchasing a lot of land or property.

find out more

Land Payment Agreement Letter

A formal document used in Singapore that specifies payment terms and conditions for land acquisition transactions.

find out more

Install Agreement

A Singapore law-governed agreement defining terms and conditions for equipment or system installation services.

find out more

Independent Contractor Payment Agreement

A Singapore-law governed agreement setting payment terms between companies and independent contractors, establishing service scope and compensation structure.

find out more

Final Payment Agreement

A Singapore-law governed agreement that documents final payment terms and mutual releases between parties, concluding a contractual relationship.

find out more

Employee Repayment Agreement Letter

A Singapore-compliant document establishing terms for employee repayment of costs to their employer.

find out more

Down Payment Contract

A Singapore-compliant legal agreement establishing terms and conditions for an advance partial payment in a purchase transaction.

find out more

Delayed Payment Agreement

A Singapore law-governed agreement that restructures existing debt payment terms between creditor and debtor.

find out more

Commitment Letter To Pay Debt

A legally binding commitment under Singapore law to pay an acknowledged debt according to agreed terms.

find out more

Commission Payment Agreement

A Singapore-law governed agreement establishing terms for commission-based compensation between parties, including payment terms and performance requirements.

find out more

Car Payment Agreement Between Two Parties

A Singapore-law governed agreement establishing payment terms and conditions between two parties for vehicle purchase.

find out more

Billing Agent Agreement

A Singapore-law governed agreement establishing terms for billing and collection services between a billing agent and principal.

find out more

Arrears Repayment Agreement

A Singapore-compliant agreement establishing terms for repayment of outstanding debts in arrears.

find out more

Agreement To Pay Rent Arrears

A Singapore-compliant agreement establishing terms for repayment of outstanding rent between landlord and tenant.

find out more

Agreement Letter For Receiving Money

A Singapore-law governed agreement letter acknowledging and setting terms for the receipt of money between parties.

find out more

Agreement For Cash Payment

A Singapore-law governed agreement establishing terms for monetary transactions between parties, including payment schedules and compliance requirements.

find out more

Accident Payment Agreement Letter

A Singapore-compliant legal document outlining accident compensation terms and payment agreements between involved parties.

find out more

Advance Payment Contract

A Singapore law-governed agreement establishing terms for payments made in advance of goods or services delivery.

find out more

Advance Payment Agreement

A Singapore law-governed agreement establishing terms and conditions for advance payments between parties, including security arrangements and refund mechanisms.

find out more

Third Party Payment Contract

A Singapore law-governed contract establishing terms for third party payment arrangements between a payor, debtor, and creditor.

find out more

Tenancy Agreement Payment

A Singapore-compliant agreement outlining rental payment terms between landlord and tenant.

find out more

Sale Payment Agreement

A Singapore-law governed agreement establishing payment terms and conditions for sales transactions.

find out more

Prepayment Agreement

A Singapore law-governed agreement establishing terms for advance payment arrangements between parties.

find out more
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