Joint Purchase Agreement Template for Malaysia

1. Right of First Refusal: Gives existing parties priority rights to purchase if one party wishes to sell

2. Buy-Sell Provisions: Mechanism for forced buy-out in case of deadlock or serious disagreement

3. Asset Management: Specific provisions for managing complex assets or investment properties

4. Financing Arrangements: Terms regarding joint mortgages or other financing structures

5. Insurance Requirements: Detailed insurance obligations if asset requires specific coverage

6. Tax Matters: Special tax considerations and allocations

7. Death or Incapacity: Succession provisions in case of death or incapacity of a party

8. Environmental Matters: Environmental obligations if purchasing land or commercial property

1. Schedule A - Asset Description: Detailed description of the asset(s) being purchased

2. Schedule B - Purchase Price Allocation: Breakdown of purchase price and payment responsibilities

3. Schedule C - Ownership Percentages: Detailed breakdown of ownership shares and voting rights

4. Schedule D - Operating Budget: Initial operating budget and cost allocation formula

5. Schedule E - Management Procedures: Detailed procedures for asset management and decision-making

6. Appendix 1 - Form of Transfer Notice: Standard form for notifying intent to transfer ownership

7. Appendix 2 - Valuation Methodology: Agreed method for valuing ownership interests

8. Appendix 3 - Required Insurances: List of required insurance coverage and minimum amounts