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Short Form Of Agreement Template for Malaysia

This is a concise yet comprehensive agreement template designed for use under Malaysian law, suitable for straightforward commercial arrangements and business transactions. The document incorporates essential contractual elements while maintaining brevity and clarity, making it ideal for routine business dealings where a full-length contract would be excessive. It ensures compliance with Malaysian contract law requirements, including the Contracts Act 1950 and related legislation, while providing flexibility to address specific commercial needs through optional clauses and schedules.

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What is a Short Form Of Agreement?

The Short Form Of Agreement is specifically designed for use in the Malaysian business environment where parties require a simplified yet legally robust contractual framework. This document type is particularly suitable for straightforward commercial arrangements where the full complexity of a standard agreement is unnecessary. It includes core contractual elements required under Malaysian law while maintaining brevity and clarity. The agreement is commonly used for professional services, supply arrangements, or consultancy agreements where the scope and terms can be clearly defined without extensive clauses. It provides sufficient protection for both parties while avoiding the complexity and length of more comprehensive agreements, making it ideal for small to medium-sized transactions or ongoing business relationships where the parties seek to minimize documentation while maintaining legal certainty.

What sections should be included in a Short Form Of Agreement?

1. Parties: Identification and details of the contracting parties

2. Background: Brief context and purpose of the agreement

3. Definitions: Key terms used in the agreement

4. Scope of Agreement: Core obligations and rights of the parties

5. Duration: Term of the agreement, including commencement date and termination provisions

6. Payment Terms: Financial considerations, payment schedule, and method

7. Confidentiality: Basic confidentiality obligations

8. Termination: Circumstances and process for ending the agreement

9. Governing Law: Specification of Malaysian law as governing law

10. Execution: Signature blocks and execution details

What sections are optional to include in a Short Form Of Agreement?

1. Force Majeure: Include when parties want protection against unforeseen circumstances preventing performance

2. Intellectual Property: Include when the agreement involves creation, use, or transfer of IP rights

3. Insurance: Include when specific insurance requirements need to be maintained

4. Assignment: Include when transfer of rights needs to be specifically addressed

5. Dispute Resolution: Include when specific dispute resolution mechanisms (beyond courts) are desired

6. Warranties: Include when specific promises or guarantees are essential to the agreement

What schedules should be included in a Short Form Of Agreement?

1. Schedule 1 - Services/Deliverables: Detailed description of services or deliverables to be provided

2. Schedule 2 - Fees: Detailed breakdown of fees and payment structure

3. Schedule 3 - Special Conditions: Any specific terms or conditions unique to this agreement

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

Jurisdiction

Malaysia

Publisher

Genie AI

Cost

Free to use

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