Document background
The Framework Cooperation Agreement is a strategic document used when parties wish to establish a long-term collaborative relationship without immediately committing to specific projects. It is particularly relevant in the Malaysian business context where companies often engage in phased collaboration approaches. This agreement type provides a master framework that defines the general terms, principles, and processes for future cooperation, while allowing flexibility to enter into separate project-specific agreements. The document typically includes provisions required under Malaysian law and addresses key aspects such as scope of cooperation, implementation mechanisms, intellectual property rights, confidentiality, and dispute resolution. It is especially useful for complex business relationships where the full scope of cooperation may evolve over time, and where parties need a structured yet flexible approach to their collaboration.
