Business Contract Termination Template for Malaysia

1. Intellectual Property Rights: Include when IP rights transfer or ongoing IP usage needs to be addressed

2. Confidentiality Obligations: Include when parties need to maintain confidentiality post-termination

3. Employee Matters: Include when termination affects employment arrangements or requires staff transfers

4. Non-Compete Provisions: Include when post-termination competitive restrictions are necessary

5. Transition Services: Include when one party needs to provide transitional support post-termination

6. Third Party Rights: Include when termination affects rights or obligations of third parties

7. Dispute Resolution: Include when specific dispute resolution mechanisms are needed beyond standard court jurisdiction

1. Schedule 1 - Outstanding Payments: Detailed list of all outstanding payments, credits, and debits between parties

2. Schedule 2 - Handover Timeline: Detailed timeline and checklist for the handover of materials, documents, and assets

3. Schedule 3 - Surviving Agreements: List of any agreements or provisions that will survive the termination

4. Appendix A - Original Contract: Copy of the original contract being terminated

5. Appendix B - Asset Register: List of assets to be returned or transferred between parties

6. Appendix C - Intellectual Property Register: List of IP rights affected by the termination and their disposition