Agreement Of Sale Contract Template for Malaysia

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

4.6 / 5
4.8 / 5

Let's create your Agreement Of Sale Contract

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:

Agreement Of Sale Contract

"I need an Agreement of Sale Contract under Malaysian law for selling my manufacturing equipment to a local company, with payment in three installments and delivery scheduled for March 2025."

Document background
The Agreement Of Sale Contract is a fundamental commercial document used in Malaysian business transactions to formalize the sale and purchase of goods or property. This document becomes necessary whenever there is a significant transfer of ownership requiring detailed documentation of terms and conditions. It is particularly important in scenarios where the transaction value is substantial, the goods are complex, or multiple delivery installments are involved. The agreement must comply with Malaysian legal requirements, including the Contracts Act 1950, Sale of Goods Act 1957, and Stamp Act 1949. It serves to protect both parties' interests by clearly defining their rights and obligations, establishing payment and delivery terms, and providing mechanisms for dispute resolution. This type of agreement is widely used across various industries and can be adapted to accommodate different types of sales transactions while maintaining its core legal framework under Malaysian law.
Suggested Sections

1. Parties: Identifies and defines all parties to the agreement with their full legal names, registration numbers (if companies), and addresses

2. Background: Sets out the context and purpose of the agreement, including brief description of the transaction

3. Definitions: Defines key terms used throughout the agreement for clarity and consistency

4. Subject Matter of Sale: Detailed description of the goods/property being sold, including specifications, quantity, and quality

5. Purchase Price: States the agreed purchase price, payment terms, method of payment, and payment schedule

6. Delivery: Specifies delivery terms, timing, location, and responsibility for transportation costs

7. Title and Risk: Determines when ownership and risk transfers from seller to buyer

8. Warranties and Representations: Lists warranties given by seller regarding the goods/property and any representations made by both parties

9. Inspection and Acceptance: Details the buyer's rights to inspect goods and procedures for acceptance or rejection

10. Termination: Outlines circumstances under which the agreement can be terminated and consequences of termination

11. Governing Law and Jurisdiction: Specifies that Malaysian law governs the agreement and establishes jurisdiction for dispute resolution

12. Notices: Sets out how formal communications between parties should be made and delivered

13. General Provisions: Standard boilerplate clauses including entire agreement, amendments, waiver, and severability

Optional Sections

1. Conditions Precedent: Used when completion of the sale is subject to certain conditions being met first

2. Intellectual Property Rights: Needed when the sale involves goods with associated intellectual property

3. Confidentiality: Required when sensitive information will be exchanged during the transaction

4. Insurance: Important when there's a significant gap between agreement and delivery, or for high-value items

5. Force Majeure: Recommended for long-term or complex sales where external events might impact performance

6. Assignment: Necessary when parties want to control ability to transfer rights under the agreement

7. Tax Provisions: Required for high-value transactions or when specific tax considerations apply

8. Dispute Resolution: Optional detailed procedures for handling disputes, including mediation or arbitration

Suggested Schedules

1. Schedule 1 - Description of Goods: Detailed technical specifications, photographs, or drawings of the goods being sold

2. Schedule 2 - Payment Schedule: If payment is in installments, detailed breakdown of payment amounts and dates

3. Schedule 3 - Delivery Schedule: For multiple deliveries or complex logistics, detailed delivery timeline and requirements

4. Schedule 4 - Warranties: Detailed warranty terms and conditions if too lengthy for main agreement

5. Appendix A - Required Documents: List of documents to be provided by either party (e.g., certificates of origin, quality certificates)

6. Appendix B - Testing Procedures: If applicable, detailed procedures for testing and accepting the goods

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

Relevant Industries

Retail

Manufacturing

Real Estate

Agriculture

Technology

Automotive

Consumer Goods

Industrial Equipment

Construction

Import/Export

Relevant Teams

Legal

Procurement

Sales

Commercial

Operations

Supply Chain

Compliance

Risk Management

Business Development

Contract Administration

Relevant Roles

Legal Counsel

Contract Manager

Procurement Manager

Sales Manager

Business Development Manager

Commercial Director

Chief Legal Officer

Operations Manager

Supply Chain Manager

Compliance Officer

Risk Manager

General Manager

Industries
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

Entity Plan Buy Sell Agreement

A Malaysian law-governed agreement establishing terms for the purchase and sale of business ownership interests upon specified trigger events.

find out more

House Selling Contract

A Malaysian law-governed contract for the sale and purchase of residential property, ensuring compliant transfer of ownership between vendor and purchaser.

find out more

Shop Sales Agreement

A comprehensive agreement for the sale and purchase of shop businesses in Malaysia, governed by Malaysian commercial law.

find out more

Deed Of Sale Agreement For A Car

A Malaysian law-governed deed that formalizes the sale and transfer of vehicle ownership between parties, ensuring legal compliance and protection for all involved.

find out more

Agreement For Purchase Of Goods

A Malaysian law-governed agreement establishing terms and conditions for the sale and purchase of goods between parties.

find out more

Buy Sell Contract

A Malaysian law-governed agreement for the sale and purchase of goods, detailing transaction terms and parties' obligations.

find out more

Home For Sale By Owner Contract

A Malaysian law-governed contract for direct property sale between owner and buyer, without real estate agent involvement.

find out more

Contract For Selling A Car

A Malaysian law-compliant agreement for the sale and transfer of ownership of a motor vehicle between parties, incorporating local regulatory requirements and protecting both parties' interests.

find out more

Sales With Buyback Agreement

A Malaysian law-governed agreement establishing terms for asset sale with a predetermined buyback arrangement by the original seller.

find out more

Manufactured Home Sales Agreement

A Malaysian law-governed agreement for the sale and purchase of manufactured homes, including specifications, payment terms, and warranties.

find out more

Entity Purchase Buy Sell Agreement

A Malaysian law-governed agreement detailing the terms and conditions for the purchase and sale of a business entity, including transaction structure and regulatory compliance requirements.

find out more

For Sale By Owner Vacant Land Purchase Agreement

A Malaysian legal agreement for the direct sale of vacant land between parties without broker involvement, compliant with Malaysian property law.

find out more

Formal Sale And Purchase Agreement

A legally binding agreement under Malaysian law that documents the terms and conditions for the sale and purchase of property between a vendor and purchaser.

find out more

Commercial Agreement Of Purchase And Sale

A Malaysian law-governed commercial sale agreement between businesses, outlining terms for goods purchase, delivery, and payment.

find out more

Principal Sale And Purchase Agreement

A Malaysian law-governed agreement for the sale and purchase of real property, detailing transaction terms and parties' obligations.

find out more

Vacant Land Purchase And Sale Agreement

A Malaysian law-governed agreement for the sale and purchase of vacant land, detailing transaction terms and ensuring legal compliance.

find out more

Stock Purchase And Sale Agreement

A Malaysian law-governed agreement for the purchase and sale of company shares, detailing transaction terms and regulatory compliance requirements.

find out more

Simple Agreement Of Sale

A basic sales contract governed by Malaysian law for straightforward transactions between buyers and sellers, covering essential terms of sale and transfer of ownership.

find out more

Buy Sell Agreement For A House

A Malaysian law-governed agreement documenting the sale and purchase of residential property, detailing terms, conditions, and obligations of both vendor and purchaser.

find out more

Vacant Land Sale Contract

A Malaysian law-governed agreement for the sale and purchase of vacant land, incorporating all necessary legal requirements and protections.

find out more

Business Bill Of Sale Purchase Agreement

A Malaysian law-governed agreement for the sale and purchase of a business, detailing terms, conditions, and transfer of ownership.

find out more

Bill Of Sale For Asset Purchase Agreement

A Malaysian law-governed document that evidences the transfer of ownership of assets from seller to buyer, detailing the sale terms and conditions.

find out more

Agreement For Sale Of Shares To Another Shareholder

Malaysian law-governed agreement for the transfer of shares between existing shareholders of a company, detailing sale terms and compliance requirements.

find out more

Used Car Sales Agreement

A Malaysian law-governed agreement for the sale and purchase of a used motor vehicle, detailing vehicle specifications, price, and transfer terms.

find out more

Bill Of Sale And Purchase Agreement

A Malaysian legal document evidencing the transfer of ownership of property or goods from seller to buyer, including sale terms and conditions.

find out more

Shareholder Buy Sell Agreement

A Malaysian law-governed agreement that establishes the terms and procedures for buying and selling shares between shareholders upon specific triggering events.

find out more

Buy Sell Agreement Cross Purchase

A Malaysian law-governed agreement between shareholders establishing terms for purchase and sale of company shares upon triggering events, structured as a cross-purchase arrangement.

find out more

As Is Car Sale Agreement

A Malaysian law-governed agreement for the sale of a vehicle in 'as is' condition, transferring ownership without warranties.

find out more

Apartment Sales Contract

A Malaysian law-compliant contract for the sale and purchase of apartment units, including strata title provisions and property management terms.

find out more

Sell And Buy Agreement

A Malaysian law-governed agreement documenting property sale terms between vendor and purchaser, ensuring legal transfer of property ownership.

find out more

Offer And Agreement To Purchase

A legally binding property purchase agreement under Malaysian law that outlines terms, conditions, and requirements for real estate transactions.

find out more

Commercial Sales Agreement

A Malaysian law-governed agreement establishing terms for commercial sale and purchase of goods between businesses.

find out more

Property Sale Contract

A Malaysian law-governed agreement for the sale and purchase of property, detailing terms, conditions, and obligations of both vendor and purchaser.

find out more

Bill Of Sale Purchase Agreement

A Malaysian law-governed agreement documenting the sale and transfer of ownership of movable property between seller and buyer, compliant with local legislation.

find out more

Agreement Of Purchase And Sale Of Business Assets

A Malaysian law-governed agreement for the sale and purchase of business assets, detailing transfer terms and conditions between buyer and seller.

find out more

Shareholder Buyout Agreement

A Malaysian law-governed agreement facilitating the transfer of shares between existing shareholders or back to the company, detailing terms, conditions, and completion requirements.

find out more

Agreement For Sale And Sale Deed

A Malaysian legal document combining an agreement for sale and deed of sale for property transactions, governed by Malaysian property and contract law.

find out more

Car Sale Contract With Payments

A Malaysian law-governed agreement for vehicle sale with structured payments, detailing terms of sale, payment schedule, and ownership transfer conditions.

find out more

Buy And Sale Agreement

A Malaysian law-governed agreement documenting the terms and conditions for the sale and purchase of goods, assets, or property between parties.

find out more

Master Sale And Purchase Agreement

A Malaysian law-governed framework agreement establishing standard terms for ongoing sale and purchase transactions between parties.

find out more

Agreement Of Sale Contract

A Malaysian law-governed contract documenting the terms and conditions for the sale of goods or property between a seller and buyer.

find out more

Sale And Buy Back Agreement

A Malaysian law-governed agreement for the sale of an asset with a predetermined buyback arrangement.

find out more

Business Purchase And Sale Agreement

A Malaysian law-governed agreement documenting the terms and conditions for the sale and purchase of a business, including assets, liabilities, and operational components.

find out more

Buyout Agreement

A Malaysian law-governed agreement detailing the terms and conditions for the complete sale and purchase of a business or its assets.

find out more

Buy And Sell Contract

A Malaysian law-governed agreement documenting the sale and purchase of goods or property, outlining terms of sale, payment, and delivery conditions.

find out more

Buy And Sell Agreement

A Malaysian law-governed agreement that documents the terms and conditions for the transfer of assets, property, or business interests from seller to buyer.

find out more

Sales And Purchase Agreement Of Goods

A Malaysian law-governed agreement detailing terms and conditions for the sale and purchase of goods between parties.

find out more

Real Estate Sales Contract

A Malaysian law-compliant agreement for the sale and purchase of real property, detailing terms, conditions, and transfer requirements.

find out more

Purchase Sale Agreement

A Malaysian law-governed agreement documenting the terms and conditions for the sale and purchase of goods, assets, or property between a seller and buyer.

find out more

Property Sale Agreement

A Malaysian law-governed agreement for the sale and transfer of property ownership, detailing terms, conditions, and obligations of both vendor and purchaser.

find out more

Partnership Buyout Agreement

A Malaysian law-governed agreement for the purchase of a partner's interest in a partnership by other partners or new buyers.

find out more

Land Sale Contract

A Malaysian law-governed agreement for the sale and purchase of land, complying with the National Land Code 1965 and state regulations.

find out more

Land Sale Agreement

A Malaysian law-governed agreement for the sale and transfer of land ownership between vendor and purchaser.

find out more

Car Sale Agreement

A Malaysian law-governed agreement documenting the sale and purchase of a motor vehicle, including terms, conditions, and ownership transfer requirements.

find out more

Sale And Purchase Agreement For Company Shares

A Malaysian law-governed agreement for the sale and purchase of company shares, detailing transaction terms, warranties, and completion requirements.

find out more

Asset Purchase And Sale Agreement

A Malaysian law-governed agreement for the sale and purchase of assets, detailing terms, conditions, and regulatory compliance requirements for asset transfer between parties.

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.