Offer Of Purchase And Sale 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 Offer Of Purchase And Sale

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:

Offer Of Purchase And Sale

"I need an Offer of Purchase and Sale agreement for a manufacturing facility in Penang, Malaysia, with a completion date of March 15, 2025, including specific provisions for existing equipment and machinery transfer."

Document background
The Offer of Purchase and Sale agreement is a crucial legal document used in Malaysian commercial transactions to formalize the intention to purchase and sell assets between parties. This document is essential when parties wish to document their preliminary agreement before proceeding to a full sale and purchase agreement. It typically includes key commercial terms, conditions precedent, and the timeline for completing the transaction. Under Malaysian law, particularly the Contracts Act 1950 and specific legislation depending on the subject matter (such as the National Land Code 1965 for real estate), this document creates legally binding obligations once accepted. The document is commonly used in both commercial and residential property transactions, business asset sales, and other significant asset transfers where parties need to establish clear terms before proceeding with the full transaction.
Suggested Sections

1. Parties: Identification and details of the Vendor/Seller and Purchaser/Buyer

2. Background: Context of the transaction and brief description of the subject matter

3. Definitions: Definitions of key terms used throughout the agreement

4. Subject Matter: Detailed description of the property or goods being sold

5. Purchase Price: Agreed purchase price and payment terms including deposit requirements

6. Payment Terms: Schedule of payments, method of payment, and consequences of default

7. Conditions Precedent: Conditions that must be fulfilled before the sale becomes binding

8. Completion: Terms and process for completing the sale, including timing and delivery

9. Vendor's Warranties: Warranties and representations made by the vendor regarding the subject matter

10. Purchaser's Warranties: Warranties and representations made by the purchaser

11. Risk and Title: Transfer of risk and ownership provisions

12. Default and Termination: Consequences of default and termination rights

13. Notices: How formal notices between parties should be given

14. Governing Law: Confirmation of Malaysian law as governing law and jurisdiction

Optional Sections

1. Due Diligence: Used when the purchaser requires a period to investigate the subject matter

2. Condition of Property: For real estate transactions, details of property condition and acceptance

3. Intellectual Property: Required when the sale includes IP rights or licenses

4. Employee Matters: Relevant for business sales involving transfer of employees

5. Tax Matters: Special tax considerations or allocations between parties

6. Environmental Matters: For properties with potential environmental concerns

7. Regulatory Approvals: When the transaction requires specific regulatory clearances

8. Assignment: Rights to assign the agreement to other parties

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property/goods including specifications

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms and installments

3. Schedule 3 - Form of Transfer: Template for the transfer document

4. Schedule 4 - Inventory: List of items included in the sale (for business or property sales)

5. Schedule 5 - Encumbrances: List of existing encumbrances, liens, or charges

6. Appendix A - Property Documents: Copies of relevant property documents and certificates

7. Appendix B - Due Diligence Documents: Results of searches and investigations

8. Appendix C - Regulatory Approvals: Copies of required permits and approvals

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

Manufacturing

Retail

Commercial Property

Industrial

Agriculture

Automotive

Small and Medium Enterprises

Construction

Mining and Resources

Relevant Teams

Legal

Finance

Property Management

Commercial

Operations

Procurement

Risk and Compliance

Business Development

Real Estate

Investment

Relevant Roles

Legal Counsel

Contract Manager

Property Manager

Business Development Manager

Chief Financial Officer

Real Estate Agent

Procurement Manager

Company Secretary

Commercial Director

Operations Manager

Risk Manager

Compliance Officer

Property Developer

Asset Manager

Investment 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

Find the exact document you need

Property Buying Agreement

A Malaysian law-governed agreement that documents the terms and conditions for the sale and purchase of real property, ensuring legal compliance and protecting both parties' interests.

find out more

Vehicle Sales And Purchase Agreement

A Malaysian law-governed agreement documenting the sale and purchase of a vehicle, including terms, conditions, and transfer of ownership details.

find out more

For Sale By Owner Real Estate Purchase Agreement

A Malaysian legal agreement for direct property sales between sellers and buyers without real estate agent involvement, compliant with Malaysian property law.

find out more

As Is Sale Contract

A Malaysian-compliant As Is Sale Contract template for transferring goods or property in their current condition, with appropriate warranties disclaimers and buyer acknowledgments.

find out more

Apartment Purchase Contract

A Malaysian law-governed agreement for the purchase and sale of apartment units, complying with local housing development regulations and detailing all essential terms of the property transaction.

find out more

Real Estate Contract Of Sale

A Malaysian law-governed agreement for the sale and purchase of real estate property, detailing terms, conditions, and obligations of both parties.

find out more

Waiver Agreement Of Purchase And Sale

A Malaysian law-governed agreement that enables parties to waive specific rights or conditions in an existing purchase and sale arrangement.

find out more

Home Purchase Agreement Form

A Malaysian law-compliant agreement that documents the terms and conditions for the sale and purchase of residential property.

find out more

For Sale By Owner House Contract

A legal agreement for direct property sales between private individuals in Malaysia, compliant with Malaysian property and contract law.

find out more

Simple Business Sale Agreement

A Malaysian law-governed agreement for the sale and purchase of a business, outlining key terms, conditions, and transaction details.

find out more

House Selling Agreement Form

A Malaysian law-governed agreement for the sale and purchase of residential property, outlining terms, conditions, and obligations of both parties.

find out more

Agreement To Sell A Car Privately

A Malaysian law-governed agreement for the private sale of a motor vehicle between individuals, ensuring legal compliance and protecting both parties' interests.

find out more

Purchase Agreement For Camper

Malaysian law-governed agreement for the purchase and sale of a camper vehicle, including key terms, conditions, and regulatory compliance requirements.

find out more

Intent To Sell Agreement

A preliminary agreement under Malaysian law establishing parties' intention to enter into a property sale transaction, outlining key terms and conditions for the proposed sale.

find out more

Sale Contract Agreement

A Malaysian law-governed agreement that establishes terms and conditions for the sale of goods between parties, ensuring legal compliance and protection of both seller and buyer interests.

find out more

Offer Of Purchase And Sale

A Malaysian law-governed agreement detailing terms and conditions for the purchase and sale of property or goods, ensuring legal compliance and protection for all parties.

find out more

Agreement To Purchase Contract

A Malaysian law-governed agreement that establishes legally binding terms for purchase transactions between parties.

find out more

Motorcycle Selling Agreement

A legally binding agreement for motorcycle sales in Malaysia, compliant with local vehicle transfer and consumer protection laws.

find out more

Vacant Land Purchase Contract

A Malaysian law-governed agreement for the purchase and sale of vacant land, including terms for transfer and compliance with local regulations.

find out more

Purchase And Sale Agreement Form

A Malaysian law-governed agreement that documents the terms and conditions for the sale and purchase of goods, assets, or property between parties.

find out more

International Purchase Contract

A Malaysian law-governed contract for international purchase of goods, incorporating local legal requirements and international trade terms.

find out more

Purchase And Sale Agreement Oil And Gas

Malaysian law-governed agreement for the sale and purchase of oil and gas assets or rights, incorporating PETRONAS requirements and local regulatory compliance.

find out more

Building Purchase Agreement

A Malaysian law-governed agreement for the sale and purchase of a building, detailing transfer terms and conditions in compliance with local property regulations.

find out more

Seller And Buyer Agreement

A Malaysian law-governed agreement establishing terms and conditions between seller and buyer for commercial transactions.

find out more

Offer Purchase Contract

A Malaysian law-governed document outlining terms and conditions for purchasing goods, property, or assets, serving as the initial step in formalizing a purchase transaction.

find out more

Purchase Agreement For Machinery

A Malaysian law-governed agreement for the purchase of industrial or commercial machinery, detailing terms, specifications, and obligations of buyer and seller.

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.