Recurring Payment Agreement for Singapore

Recurring Payment Agreement Template for Singapore

A Recurring Payment Agreement under Singapore law is a legally binding document that establishes the terms and conditions for regular, scheduled payments from one party to another. It complies with Singapore's Payment Services Act 2019 and related financial regulations, incorporating necessary consumer protection measures and data privacy requirements. The agreement details payment amounts, frequencies, methods, and termination procedures while ensuring compliance with MAS guidelines and electronic transaction laws.

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
Recurring Payment Agreement

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

What is a Recurring Payment Agreement?

The Recurring Payment Agreement is essential for businesses operating in Singapore that collect regular payments from customers. This document type has become increasingly important with the rise of subscription-based services and digital payments. The agreement must comply with Singapore's stringent financial regulations, including the Payment Services Act 2019 and MAS guidelines. It typically includes detailed provisions for payment schedules, data protection, termination rights, and dispute resolution procedures. Such agreements are crucial for establishing clear terms and protecting both service providers and customers in recurring payment arrangements.

What sections should be included in a Recurring Payment Agreement?

1. Parties: Identification of the service provider and customer, including full legal names and registration details

2. Background: Context of the agreement and relationship between parties, including purpose of the recurring payment arrangement

3. Definitions: Key terms used throughout the agreement including payment-related terminology

4. Payment Terms: Amount, frequency, and method of recurring payments, including payment processing details

5. Duration: Term of the agreement and renewal provisions, including initial term and automatic renewal terms

6. Termination: Conditions and process for ending the agreement, including notice periods and final payment handling

7. Data Protection: Handling of personal and payment information in compliance with PDPA requirements

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

1. Service Level Agreement: Specific service standards and performance metrics for business-to-business arrangements

2. Force Majeure: Provisions for unforeseen circumstances affecting payment obligations

3. Rewards Program: Terms and conditions of any associated loyalty or rewards scheme

4. Dispute Resolution: Specific procedures for handling payment disputes and conflicts

What schedules should be included in a Recurring Payment Agreement?

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

2. Service Description: Detailed description of services or products covered by the recurring payment

3. Data Processing Agreement: Detailed terms for handling personal data in compliance with PDPA

4. Bank Authorization Form: Standard form for setting up recurring payments with financial institutions

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

Jurisdiction

Singapore

Publisher

Genie AI

Document Type

Payment Agreement

Sector

Banking

Cost

Free to use
Clauses
Industries

Payment Services Act 2019: Primary legislation regulating payment systems and service providers in Singapore. Includes licensing requirements and consumer protection provisions for payment services.

Banking Act (Chapter 19): Legislation governing banking institutions and their operations in Singapore, particularly relevant for direct debit arrangements and recurring payment processing.

Electronic Transactions Act: Framework governing electronic transactions and digital signatures in Singapore, essential for validating online payment arrangements and electronic contracts.

Personal Data Protection Act 2012: Comprehensive framework for data protection in Singapore, governing the collection, use, and disclosure of personal data in payment processing and record keeping.

Consumer Protection (Fair Trading) Act: Legislation protecting consumers against unfair practices, including provisions for fair contract terms and cancellation rights in payment agreements.

MAS Guidelines: Regulatory guidelines issued by the Monetary Authority of Singapore covering payment transaction rules, e-payments user protection, and risk management practices.

Singapore Contract Law: Common law principles governing contract formation, terms and conditions, termination clauses, and notice periods in Singapore.

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

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

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

2 Docs LeftAccess Now