Notice To Terminate Management Agreement Template for Malaysia

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Key Requirements PROMPT example:

Notice To Terminate Management Agreement

"I need a Notice to Terminate Management Agreement for our shopping mall facility management company due to their repeated failure to maintain safety standards, with the termination to take effect from March 1, 2025, including specific handover requirements for security access cards and maintenance records."

Document background
The Notice To Terminate Management Agreement is a crucial business document used when one party wishes to formally end an existing management arrangement in Malaysia. This notice is typically employed when either the service recipient is dissatisfied with the management services, there's a strategic change in business direction, or the management company has failed to meet contractual obligations. The document must comply with Malaysian law, particularly the Contracts Act 1950 and any industry-specific regulations. It should clearly reference the original management agreement, specify the termination date, outline any notice periods required, and detail the transition process. This formal notice serves as official documentation of the termination and helps prevent future disputes by clearly stating the terms of separation and any continuing obligations.
Suggested Sections

1. Letter Header: Company letterhead, date, and reference number

2. Recipient Details: Full name and address of the recipient, including position/title

3. Subject Line: Clear indication that this is a termination notice with reference to the specific Management Agreement

4. Reference to Original Agreement: Details of the original Management Agreement including date, parties, and any relevant registration numbers

5. Termination Statement: Clear and unambiguous statement of intention to terminate, citing relevant clause from original agreement if applicable

6. Effective Date: Specific date when the termination will take effect, considering notice period requirements

7. Immediate Actions Required: List of immediate actions required from the management company, such as handover of documents or assets

8. Closing Statement: Professional closing with reference to any required acknowledgment

9. Signature Block: Authorized signatory details including name, position, and company details

Optional Sections

1. Reason for Termination: Include when there's a specific breach or cause for termination that needs to be documented

2. Outstanding Obligations: Add when there are pending financial settlements or obligations to be addressed

3. Confidentiality Reminder: Include when there are specific confidentiality obligations that continue post-termination

4. Transition Arrangements: Add when specific handover procedures or transition period arrangements need to be detailed

5. Dispute Resolution Reference: Include when there are ongoing disputes or potential areas of disagreement

6. Post-Termination Restrictions: Add when there are non-compete or other restrictive covenants that continue after termination

Suggested Schedules

1. Notice Requirements Evidence: Copy of relevant clause from original agreement showing notice period requirements

2. Authority Documentation: Evidence of signatory's authority to terminate (board resolution, power of attorney etc.)

3. Asset Register: List of assets, documents, or materials to be returned or transferred

4. Outstanding Accounts Statement: Summary of any financial matters requiring settlement

5. Handover Checklist: Detailed list of items and responsibilities to be transferred

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

Real Estate

Hospitality

Retail

Healthcare

Education

Manufacturing

Financial Services

Property Management

Professional Services

Construction

Food & Beverage

Technology

Transportation & Logistics

Relevant Teams

Legal

Operations

Corporate Secretarial

Facilities Management

Contract Administration

Executive Management

Property Management

Asset Management

Risk & Compliance

Corporate Services

Relevant Roles

Chief Executive Officer

Managing Director

Chief Operating Officer

Legal Counsel

Company Secretary

Operations Manager

Facility Manager

Property Manager

Contract Manager

Business Owner

Board Member

General Manager

Regional Director

Asset Manager

Corporate Services 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

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