All Countries
Real Estate
Prepaid Forward Purchase Agreement

Prepaid Forward Purchase Agreement Template for India

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Prepaid Forward Purchase Agreement

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

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Prepaid Forward Purchase Agreement

I need a Prepaid Forward Purchase Agreement under Indian law for the purchase of agricultural commodities (wheat) from a local supplier, with prepayment to be made in March 2025 and delivery scheduled for September 2025, including quality specifications and price adjustment mechanisms for crop quality variations.

Celebrated by
Collaborations with
Investors
Document background
The Prepaid Forward Purchase Agreement is utilized in situations where parties wish to establish a contractual framework for the advance purchase of assets with future delivery. This sophisticated financial instrument, governed by Indian law, is commonly used in commodities, securities, and other asset classes where price certainty and funding requirements necessitate prepayment structures. The document incorporates essential elements required under Indian legislation, including the Indian Contract Act, 1872, Securities Contracts (Regulation) Act, 1956, and Forward Contracts (Regulation) Act, 1952. It addresses key aspects such as payment mechanics, delivery obligations, price adjustments, and risk allocation, while ensuring compliance with Indian regulatory requirements. The agreement is particularly relevant in scenarios where buyers seek to secure future delivery of assets while providing upfront funding to sellers, making it a valuable tool for trade finance and risk management.
Suggested Sections

1. Parties: Identifies and provides details of the parties entering into the agreement

2. Background: Sets out the context and purpose of the agreement, including the intention to enter into a prepaid forward purchase arrangement

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation principles

4. Purchase and Sale Obligation: Core transaction terms including the commitment to sell and purchase the underlying assets

5. Prepayment Terms: Details of the advance payment, including amount, timing, and payment mechanics

6. Delivery Terms: Specifications for the delivery of the underlying assets, including timing, method, and location

7. Conditions Precedent: Prerequisites that must be satisfied before obligations become effective

8. Representations and Warranties: Standard and transaction-specific representations and warranties from both parties

9. Covenants: Ongoing obligations of the parties during the term of the agreement

10. Price Adjustment Mechanisms: Procedures for adjusting the forward price based on specified events or conditions

11. Events of Default: Circumstances constituting default and corresponding remedies

12. Termination Rights: Grounds for early termination and the consequences thereof

13. Force Majeure: Provisions dealing with unforeseen circumstances affecting performance

14. Governing Law and Jurisdiction: Specifies applicable law and dispute resolution mechanisms

15. Miscellaneous: Standard boilerplate provisions including notices, amendments, and assignment

Optional Sections

1. Regulatory Compliance: Specific provisions addressing compliance with relevant regulatory requirements, included when dealing with regulated assets or entities

2. Security Arrangements: Details of any collateral or security provided, included when additional security is required

3. Tax Provisions: Specific tax-related provisions, included when there are significant tax implications

4. Market Disruption Events: Provisions dealing with market disruptions, included for transactions involving traded assets

5. Currency Provisions: Provisions dealing with currency conversions and exchange rates, included for cross-border transactions

6. Physical Settlement Fallback: Alternative settlement mechanisms, included when physical delivery may not be possible

7. Intermediary Provisions: Provisions regarding brokers or intermediaries, included when third parties are involved in the transaction

Suggested Schedules

1. Asset Specifications: Detailed description of the underlying assets including quantity, quality, and specifications

2. Pricing Schedule: Detailed pricing calculations, adjustments, and methodologies

3. Payment Schedule: Timeline and details of payment obligations

4. Delivery Schedule: Specific delivery requirements, locations, and procedures

5. Form of Notices: Standard forms for various notices required under the agreement

6. Calculation Methods: Detailed methodologies for calculating adjustments, prices, and other variable terms

7. Required Documents: List of documents required for closing and delivery

8. Contact Details: Contact information for key personnel and authorized representatives

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Advance Payment
Advance Payment Date
Affiliate
Agreement Date
Applicable Law
Asset Specifications
Business Day
Calculation Agent
Calculation Date
Calculation Period
Contract Price
Custodian
Default Interest Rate
Delivery Date
Delivery Location
Delivery Notice
Delivery Period
Dispute
Early Termination Date
Effective Date
Eligible Assets
Event of Default
Exercise Date
Exercise Notice
Force Majeure Event
Forward Price
Governmental Authority
Initial Margin
Interest Rate
Market Disruption Event
Market Price
Material Adverse Change
Maturity Date
Payment Currency
Payment Date
Permitted Encumbrance
Price Adjustment Event
Purchase Price
Reference Market
Reference Price
Regulatory Requirement
Related Agreement
Relevant Jurisdiction
Security Interest
Settlement Date
Settlement Method
Specified Assets
Termination Amount
Termination Event
Transaction
Transaction Documents
Transfer Date
Underlying Assets
Valuation Date
Variation Margin
Clauses
Definitions
Purchase and Sale
Prepayment
Delivery
Price Calculation
Payment Terms
Conditions Precedent
Representations and Warranties
Covenants
Security
Price Adjustment
Market Disruption
Force Majeure
Events of Default
Termination
Set-off
Assignment
Notices
Confidentiality
Indemnification
Tax
Regulatory Compliance
Dispute Resolution
Governing Law
Jurisdiction
Amendment
Severability
Entire Agreement
Counterparts
Third Party Rights
Further Assurance
Costs and Expenses
Waiver
Time of Essence
Announcements
Anti-Money Laundering
Sanctions Compliance
Relevant Industries

Financial Services

Banking

Investment Management

Commodities Trading

Securities Trading

Energy

Agriculture

Mining

Manufacturing

International Trade

Relevant Teams

Legal

Finance

Treasury

Trading

Risk Management

Compliance

Operations

Settlement

Corporate Finance

Structured Finance

Contract Administration

Relevant Roles

Chief Financial Officer

Treasury Manager

Trading Manager

Risk Manager

Legal Counsel

Compliance Officer

Investment Manager

Corporate Finance Manager

Structured Finance Director

Operations Manager

Settlement Officer

Contract Administrator

Financial Controller

Head of Trading

Chief Legal Officer

Industries
Indian Contract Act, 1872: Fundamental law governing contract formation, validity, and enforcement in India. Essential for structuring the basic agreement terms, obligations, and remedies.
Securities Contracts (Regulation) Act, 1956: Regulates securities transactions and trading in India. Relevant for determining the legal framework for forward contracts and their enforcement.
Forward Contracts (Regulation) Act, 1952: Specific legislation governing forward contracts in India, providing regulatory framework for forward trading and associated restrictions.
Indian Stamp Act, 1899: Determines the stamp duty payable on the agreement and requirements for proper execution and registration.
Foreign Exchange Management Act (FEMA), 1999: Relevant if the agreement involves cross-border transactions or foreign parties, governing foreign exchange transactions and investments.
Prevention of Money Laundering Act, 2002: Ensures compliance with anti-money laundering regulations, particularly relevant due to the prepaid nature of the agreement.
The Securities and Exchange Board of India Act, 1992: Provides regulatory framework for securities market operations and investor protection, relevant for financial instrument aspects of the agreement.
Information Technology Act, 2000: Relevant if the agreement involves electronic execution or digital payments, governing electronic records and signatures.
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

Forward Purchase Agreement (Real Estate)

An Indian law-governed agreement for the future purchase of real estate, typically used for under-construction properties, incorporating RERA compliance and statutory requirements.

find out more

Discount Agreement

An Indian law-governed agreement establishing terms and conditions for commercial discount arrangements, including rates, criteria, and implementation procedures.

find out more

Property Purchase Contract

An Indian law-governed agreement facilitating property ownership transfer between seller and purchaser, outlining sale terms and ensuring legal compliance.

find out more

Investment Agreement Between Individual And Individual

A legally binding agreement under Indian law that structures and governs investment arrangements between two individuals, defining investment terms, rights, and obligations.

find out more

Securities Purchase Agreement

An Indian law-governed agreement detailing terms and conditions for securities purchase and sale, ensuring regulatory compliance and protecting transacting parties' interests.

find out more

Property Purchase Form

An Indian legal document facilitating property ownership transfer, compliant with the Transfer of Property Act and state regulations.

find out more

Equipment Purchase Contract

A comprehensive agreement for equipment purchase and sale under Indian law, detailing specifications, pricing, delivery, and warranty terms.

find out more

Buyback Agreement

An Indian law-governed agreement detailing terms and conditions for a company's repurchase of its own shares from shareholders, ensuring regulatory compliance.

find out more

Vehicle Hire Purchase Agreement

An Indian law-governed agreement establishing terms for vehicle acquisition through hire purchase, with ownership transferring to the hirer upon completion of scheduled payments.

find out more

Contingent Purchase Agreement

An Indian law-governed agreement for conditional purchase transactions, specifying contingencies that must be met before purchase completion.

find out more

Advance Agreement For Land Purchase

A preliminary land purchase agreement under Indian law involving advance payment and purchase commitments between parties.

find out more

Probate Purchase Agreement

An Indian law-governed agreement for the transfer of probate rights from an estate's executor/administrator to a purchaser.

find out more

Letter Of Sales Agreement

A formal letter agreement governed by Indian law that outlines the terms and conditions of a sale between two parties.

find out more

Buying Agency Agreement

An Indian law-governed agreement appointing a buying agent to conduct procurement activities on behalf of a principal company, outlining duties, commission structures, and operational procedures.

find out more

Buy Tenancy Agreement

An Indian law-governed agreement combining property sale and tenancy terms, where the buyer becomes the landlord and the seller becomes the tenant.

find out more

Purchase With Reservation Agreement

An Indian law-compliant agreement for property purchase where the seller retains specific rights or conditions during or after the transfer.

find out more

Contract Between Supplier And Buyer

An Indian law-governed agreement establishing terms and conditions between a supplier and buyer for the sale and purchase of goods or services.

find out more

Buy In Agreement

An Indian law-governed agreement documenting the terms and conditions for an investor or entity to acquire partial ownership in an existing business.

find out more

Vehicle Purchase Agreement With Down Payment

An Indian law-governed agreement detailing the terms and conditions for vehicle purchase with structured down payment, including ownership transfer and warranty terms.

find out more

Lot Purchase Agreement

An Indian law-governed agreement for the sale and purchase of land parcels, detailing terms, conditions, and obligations of the property transfer.

find out more

High Purchase Agreement Form

An Indian law-compliant agreement enabling purchase of goods through installment payments with eventual transfer of ownership from financier to hirer.

find out more

Gold Purchase Agreement

An Indian law-governed agreement establishing terms and conditions for gold purchase transactions, including regulatory compliance and quality assurance requirements.

find out more

Token Purchase Agreement

An Indian law-governed agreement establishing terms for digital token purchase and sale, addressing regulatory compliance and transaction mechanics.

find out more

Employee Laptop Purchase Agreement

An Indian law-governed agreement facilitating employee laptop purchase through company-arranged terms and installment payments.

find out more

Apartment Sale And Purchase Agreement

An Indian law-compliant agreement for the sale and purchase of apartment property, detailing transaction terms and ensuring RERA compliance.

find out more

Quota Purchase Agreement

An Indian law-governed agreement for the transfer of quota rights between parties, specifying terms, conditions, and regulatory compliance requirements.

find out more

General Purchase Agreement

An Indian law-governed agreement establishing terms and conditions for regular commercial purchases between businesses, ensuring compliance with Indian contract and commercial laws.

find out more

Buy Sale Agreement Form

An Indian law-compliant agreement documenting the terms and conditions for the sale and purchase of property or goods between parties.

find out more

Outright Purchase Agreement

An Indian law-governed agreement for the complete transfer of ownership of goods, property, or assets from seller to buyer for a fixed consideration.

find out more

Prepaid Forward Purchase Agreement

An Indian law-governed agreement for the advance purchase of assets with future delivery, structured under Indian contract and securities regulations.

find out more

Bond Purchase Agreement

An Indian law-governed agreement establishing terms and conditions for the sale and purchase of bonds, ensuring compliance with SEBI regulations and Indian securities laws.

find out more

Pre Purchase Agreement

An Indian law-governed agreement establishing preliminary terms and conditions for a proposed purchase transaction, serving as a legally binding framework before the final purchase.

find out more

Future Purchase Agreement

An Indian law-governed agreement establishing terms for future purchases of goods or materials, including pricing, delivery, and quality specifications.

find out more

Entity Purchase Agreement

A comprehensive agreement under Indian law governing the sale and purchase of a business entity or significant stake, incorporating all material transaction terms and regulatory compliance requirements.

find out more

Retail Purchase Agreement

An Indian law-governed agreement between retailer and customer for the sale and purchase of retail goods, ensuring consumer protection and contractual clarity.

find out more

Hardware Purchase Agreement

An Indian law-governed agreement establishing terms for hardware equipment purchase, including specifications, pricing, warranties, and regulatory compliance.

find out more

Furniture Purchase Agreement

An Indian law-governed agreement establishing terms for furniture purchase, including specifications, pricing, delivery, and warranty provisions.

find out more

Direct Purchase Agreement

An Indian law-governed agreement setting out terms and conditions for direct purchase of goods between buyer and seller.

find out more

Company Purchase Agreement

An Indian law-governed agreement detailing the terms and conditions for purchasing a company, including transaction structure, price, and regulatory compliance requirements.

find out more

Material Purchase Agreement

An Indian law-governed agreement establishing terms and conditions for material procurement, including specifications, pricing, delivery, and quality requirements.

find out more

Heat Purchase Agreement

An Indian law-governed agreement establishing terms for thermal energy supply and purchase between generator and end-user.

find out more

International Purchase Agreement

An Indian law-governed agreement establishing terms for international procurement, including delivery, payment, and compliance requirements.

find out more

Power Sale Agreement

An Indian-law governed agreement for the sale and purchase of electrical power, compliant with the Electricity Act 2003 and regulatory requirements.

find out more

License Purchase Agreement

An Indian law-governed agreement establishing terms for licensed product purchase and usage, including rights, restrictions, and obligations of licensor and licensee.

find out more

Shares Purchase Agreement

An Indian law-governed agreement facilitating the sale and transfer of company shares, detailing transaction terms and regulatory compliance requirements.

find out more

Deferred Purchase Agreement

An Indian law-governed agreement establishing terms for asset purchase with deferred payment arrangements, including security and payment structures.

find out more

Contract For Purchase Of Goods

An Indian law-governed agreement setting out terms for the purchase and sale of goods, including specifications, pricing, delivery, and warranties.

find out more

Bulk Purchase Agreement

An Indian law-governed agreement establishing terms for large-volume procurement of goods, including pricing, delivery, and quality parameters.

find out more

Service Purchase Agreement

An Indian law-governed agreement establishing terms and conditions for service procurement between a provider and recipient, including service scope, payments, and performance requirements.

find out more

Reverse Purchase Agreement

An Indian law-governed agreement establishing terms for the sale of goods with a commitment for future repurchase by the original seller.

find out more

Exclusive Purchase Agreement

An Indian law-governed agreement establishing exclusive purchase rights between a buyer and seller, defining terms for sole-source procurement arrangements.

find out more

Advance Purchase Agreement

An Indian law-governed agreement setting out terms for advance payment and future delivery of goods, including payment security and delivery obligations.

find out more

Purchase Agreement Contract

An Indian law-governed agreement outlining terms and conditions for the sale and purchase of goods between parties, including pricing, delivery, and warranties.

find out more

Contract Purchase Agreement

An Indian law-governed agreement establishing terms and conditions for purchase transactions between buyer and seller, ensuring legal compliance and mutual protection of interests.

find out more

Asset Purchase Term Sheet

An Indian law-governed preliminary document outlining key terms and conditions for a proposed asset purchase, serving as the basis for definitive transaction agreements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’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; Genie’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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

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

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.