Sentence:  A 5 - percent royalty is paid on any production during the period the <WSD>contract</WSD> is in effect ; if the Government certifies that production may be possible from the property , the royalty obligation continues for the 10 - year period usually specified in the contract or until the Government 's contribution is repaid with interest . 
Meaning of the word marked with <WSD> tags:  a binding agreement between two or more persons that is enforceable by law