Production Payment Agreement Template for India

1. Security Arrangements: Required when additional security for payment obligations is needed, such as guarantees or charges over assets

2. International Payment Provisions: Needed when parties are in different countries, covering currency conversion and international payment terms

3. Environmental Compliance: Required for production activities with significant environmental impact

4. Labor and Employment: Needed when production involves specific labor requirements or compliance obligations

5. Intellectual Property: Required when production involves patented processes or proprietary technology

6. Step-In Rights: Optional provisions allowing payee to take control of production in certain circumstances

7. Insurance: Detailed insurance requirements beyond standard coverage

8. Change in Law: Specific provisions for handling regulatory changes affecting production or payments

1. Production Facility Description: Detailed description of the production facility, including location and key equipment

2. Production Payment Calculations: Detailed methodology and examples of payment calculations

3. Minimum Production Requirements: Specific production targets and minimum output requirements

4. Reporting Forms: Standard forms for production reports and payment calculations

5. Technical Standards: Required technical and quality standards for production

6. Key Personnel: List of key personnel responsible for production and their roles

7. Security Documents: Forms of any required security documents or guarantees

8. Insurance Requirements: Detailed insurance coverage requirements and minimum amounts

9. Dispute Resolution Procedures: Detailed procedures for dispute resolution and arbitration