Document background
The Business Buy And Sell Agreement is a crucial legal instrument used in Malaysian business transactions when one entity intends to sell its business operations to another. This document is essential for transactions governed by Malaysian law, particularly under the Companies Act 2016 and other relevant regulations. It provides a comprehensive framework for the transfer of business ownership, covering everything from initial sale terms to post-completion obligations. The agreement is typically used in scenarios ranging from small business acquisitions to large corporate transactions, ensuring proper documentation of the transfer of assets, liabilities, employees, and intellectual property. It includes vital provisions for warranties, indemnities, and regulatory compliance, while accounting for specific Malaysian legal requirements such as stamp duty obligations and potential Shariah law considerations where applicable.
