Document background
The Conditional Purchase Agreement is a crucial commercial document used in Malaysian business transactions where parties wish to agree on purchase terms while making the completion contingent on certain conditions being fulfilled. This agreement type is commonly used in various scenarios, including property purchases, business acquisitions, and asset sales where regulatory approvals, financing arrangements, or due diligence requirements must be satisfied before the purchase can be completed. The document incorporates essential elements required under Malaysian law, including clear condition precedents, completion mechanisms, and appropriate warranties. It provides a structured framework for managing complex transactions while offering flexibility to accommodate specific commercial requirements and protecting both parties' interests throughout the transaction process.
