All Countries
Employment
Company Separation Agreement

Company Separation Agreement 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 Company Separation Agreement

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:

Company Separation Agreement

"I need a Company Separation Agreement for the separation of a manufacturing joint venture in Penang, with specific focus on equipment asset division and employee transfers, to be completed by March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Company Separation Agreement is a crucial document used when two or more business entities decide to formally separate their operations, assets, and interests in Malaysia. This agreement becomes necessary during corporate restructuring, dissolution of joint ventures, demergers, or when dividing business units into separate entities. It must comply with Malaysian legislation including the Companies Act 2016, Employment Act 1955, and other relevant regulations. The document comprehensively addresses all aspects of the separation including financial settlements, asset division, employee transfers, intellectual property rights, confidentiality obligations, and post-separation responsibilities. It provides a clear framework for managing the separation process while minimizing legal and operational risks for all parties involved.
Suggested Sections

1. Parties: Identifies all parties to the agreement, including full legal names and registration details

2. Background: Sets out the context of the separation, including brief company history and reasons for separation

3. Definitions: Defines key terms used throughout the agreement

4. Effective Date: Specifies when the separation takes effect

5. Terms of Separation: Details the core separation arrangements including division of business, assets, and liabilities

6. Financial Settlement: Outlines all financial aspects including payments, share transfers, and asset valuations

7. Confidentiality: Defines confidential information and obligations regarding its protection

8. Non-Compete and Non-Solicitation: Specifies restrictions on future business activities and employee solicitation

9. Intellectual Property Rights: Addresses ownership and usage rights of IP post-separation

10. Employee Matters: Covers treatment of employees, including transfers and continued employment

11. Representations and Warranties: States the parties' assurances and declarations

12. Dispute Resolution: Outlines process for resolving any disputes arising from the agreement

13. Governing Law: Specifies Malaysian law as governing law and jurisdiction

14. General Provisions: Includes standard boilerplate clauses like notices, amendments, and severability

Optional Sections

1. Transition Services: Include when one party will provide ongoing services to the other post-separation

2. Tax Provisions: Include detailed tax arrangements when complex tax implications exist

3. Third Party Consents: Include when separation requires approvals from external parties

4. Insurance: Include when specific insurance arrangements need to be addressed

5. Environmental Matters: Include for businesses with environmental liabilities or obligations

6. Property Rights: Include when real property interests need to be addressed

7. Shared Contracts: Include when handling contracts that benefit both parties

Suggested Schedules

1. Schedule 1: Asset List: Detailed inventory of assets being transferred or divided

2. Schedule 2: Financial Settlement Details: Comprehensive breakdown of all financial arrangements

3. Schedule 3: Employee Transfer List: List of employees affected by the separation and their terms

4. Schedule 4: Intellectual Property Register: Detailed list of IP rights and their allocation

5. Schedule 5: Contracts List: List of contracts affected by the separation and their treatment

6. Schedule 6: Timeline and Milestones: Detailed timeline for implementing the separation

7. Appendix A: Valuation Reports: Independent valuations of relevant assets or businesses

8. Appendix B: Required Consents: List of required third-party approvals and their status

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Manufacturing

Technology

Financial Services

Professional Services

Retail

Healthcare

Energy

Telecommunications

Real Estate

Construction

Logistics

Consumer Goods

Media and Entertainment

Relevant Teams

Legal

Finance

Human Resources

Operations

Corporate Affairs

Risk Management

Compliance

Business Development

Strategy

Tax

Information Technology

Facilities Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Legal Officer

Chief Operating Officer

Managing Director

Corporate Secretary

Head of Human Resources

Finance Director

Legal Counsel

Corporate Restructuring Manager

Business Development Director

Risk Management Officer

Compliance Officer

Operations Director

Human Resources Director

Industries
Employment Act 1955: Primary legislation governing employment relationships in Malaysia, covering terms of employment, benefits, and termination procedures
Companies Act 2016: Regulates corporate matters including company restructuring, transfer of shares, and corporate governance requirements during separation
Competition Act 2010: Relevant for non-compete clauses and market competition considerations in separation agreements
Industrial Relations Act 1967: Governs dispute resolution mechanisms and provides framework for handling employment-related conflicts during separation
Income Tax Act 1967: Addresses tax implications of separation payments, transfer of assets, and other financial considerations
Personal Data Protection Act 2010: Regulates the handling of personal and confidential information during and after separation
Contracts Act 1950: Provides the basic legal framework for contract formation, validity, and enforcement in Malaysia
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

Separation Contract

A Malaysian law-governed agreement establishing terms and conditions for married couples' separation, including asset division and living arrangements.

find out more

Family Law Separation Agreement

A legal agreement under Malaysian law establishing separation terms between married couples, addressing property division, maintenance, and family arrangements.

find out more

Corporate Separation Agreement

A Malaysian law-governed agreement that formally establishes the terms and conditions for separating a corporate entity into multiple distinct organizations.

find out more

Divorce Separation Agreement

A comprehensive legal agreement outlining separation terms between married couples under Malaysian law, covering asset division, maintenance, and custody arrangements.

find out more

Separation And Settlement Agreement

A Malaysian law-governed agreement that formalizes separation terms between married parties, including asset division and maintenance arrangements.

find out more

Legal Separation Contract

A Malaysian civil law agreement establishing terms and conditions for married couples' legal separation, defining rights and responsibilities without dissolving the marriage.

find out more

Contract Separation Agreement

A Malaysian law-governed agreement that formally documents employment termination terms and conditions between employer and employee.

find out more

Family Separation Agreement

A Malaysian legal document establishing terms and conditions for married couples' separation, applicable under both civil and Syariah law systems.

find out more

Property Split Agreement

A Malaysian law-governed agreement that formalizes the division of property ownership between parties, including terms, conditions, and transfer procedures.

find out more

Binding Financial Agreement After Separation

A Malaysian law-compliant agreement that establishes binding financial arrangements between separated spouses, including asset division and ongoing obligations.

find out more

Trial Separation Agreement

A Malaysian legal agreement establishing terms for a temporary marital separation under civil or Shariah law, detailing living arrangements and responsibilities.

find out more

Separation Of Assets Agreement

A Malaysian law-governed agreement that establishes clear separation and ownership of assets between two parties, including comprehensive asset schedules and division guidelines.

find out more

Company Separation Agreement

A Malaysian law-governed agreement that formalizes the separation of business entities, detailing terms of separation, asset division, and ongoing obligations.

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.

Read our Privacy Policy.