¶¶Òõ¶ÌÊÓÆµ

Contract For Sale Of Business Assets 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 Contract For Sale Of Business Assets

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:

Contract For Sale Of Business Assets

"I need a Contract for Sale of Business Assets under Malaysian law for selling my manufacturing equipment and associated IP rights to a local company, with completion scheduled for March 2025 and including provisions for employee transfer and training."

Document background
The Contract For Sale of Business Assets is a crucial legal document used in Malaysian business transactions when one party wishes to sell and another wishes to acquire specific business assets without purchasing the entire company. This agreement is essential for transactions governed by Malaysian law, particularly under the Contracts Act 1950 and Sale of Goods Act 1957. It details the assets being transferred, purchase price, payment terms, warranties, and completion requirements. The document becomes necessary when businesses are restructuring, downsizing, or divesting specific assets, and it provides legal protection for both parties while ensuring compliance with Malaysian regulatory requirements for asset transfers, including appropriate registrations and tax considerations.
Suggested Sections

1. Parties: Identification of the seller and buyer, including full legal names, registration numbers, and registered addresses

2. Background: Context of the transaction, brief description of the business and assets being sold, and purpose of the agreement

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

4. Sale and Purchase: Core terms of the transaction, including what is being sold and the basic agreement to sell and purchase

5. Purchase Price: The agreed price, payment terms, deposit requirements, and payment method

6. Completion: Details of when and how the sale will be completed, including completion date and logistics

7. Seller's Warranties: Standard warranties regarding ownership, condition of assets, and authority to sell

8. Buyer's Warranties: Warranties from the buyer regarding authority and ability to complete the purchase

9. Pre-Completion Obligations: Obligations of both parties between signing and completion

10. Confidentiality: Provisions regarding confidential information and its protection

11. Governing Law: Specification of Malaysian law as governing law and jurisdiction

12. Notices: How formal notices under the agreement should be given

13. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability

Optional Sections

1. Employee Matters: Required when employees are being transferred as part of the business assets

2. Intellectual Property: Needed when the sale includes trademarks, patents, copyrights, or other IP rights

3. Real Property: Required when the assets include land or buildings

4. Third Party Consents: Necessary when certain assets require consent from third parties for transfer

5. Tax Matters: Detailed tax provisions when there are specific tax implications or arrangements

6. Post-Completion Obligations: Added when there are specific requirements after completion, such as transitional services

7. Non-Competition: Include when restricting the seller from competing post-sale

8. Environmental Matters: Required when the assets include property with potential environmental liabilities

9. Debt and Encumbrances: Needed when there are specific arrangements regarding existing debts or encumbrances

Suggested Schedules

1. Schedule 1 - Asset List: Detailed inventory of all assets being sold, including descriptions and quantities

2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the sale

3. Schedule 3 - Properties: Details of any real property included in the sale

4. Schedule 4 - Intellectual Property: List and details of all intellectual property rights being transferred

5. Schedule 5 - Contracts: List of contracts being transferred or assigned

6. Schedule 6 - Employees: Details of employees being transferred, including terms and conditions

7. Schedule 7 - Warranties: Detailed warranties given by the seller

8. Schedule 8 - Form of Transfer Documents: Templates of documents required for transferring specific assets

9. Schedule 9 - Completion Requirements: Detailed list of actions and documents required for completion

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




































Clauses




































Relevant Industries

Manufacturing

Retail

Technology

Healthcare

Hospitality

Professional Services

Real Estate

Construction

Agriculture

Transportation

Education

Food and Beverage

Entertainment

Industrial

Mining

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Operations

Risk & Compliance

Tax

Business Development

Commercial

Asset Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Managing Director

Business Owner

Corporate Lawyer

Legal Counsel

Company Secretary

Finance Director

Business Development Manager

Operations Manager

Asset Manager

Commercial Director

Merger & Acquisition Specialist

Tax Advisor

Risk Manager

Compliance Officer

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

Customer List Purchase Agreement

Malaysian law-governed agreement for the sale and transfer of customer lists between businesses, ensuring PDPA compliance and protecting both parties' interests.

find out more

Short Form Stock Purchase Agreement

A concise Malaysian law-governed agreement for straightforward share transfers between parties, outlining essential terms and basic warranties for uncomplicated transactions.

find out more

Contract For Sale Of Business Assets

A Malaysian law-governed agreement for the sale and transfer of business assets between parties, outlining terms, conditions, and completion requirements.

find out more

Share Purchase And Transfer Agreement

A Malaysian law-governed agreement for the sale and transfer of shares between parties, outlining terms, conditions, and completion requirements.

find out more

Business Share Sale Agreement

A Malaysian law-governed agreement detailing the terms and conditions for the sale and purchase of shares in a business entity, including price, warranties, and completion requirements.

find out more

Bond Transfer Agreement

A Malaysian law-governed agreement facilitating the legal transfer of bonds between parties, ensuring compliance with local securities regulations and market requirements.

find out more

Company Share Purchase Agreement

A Malaysian law-governed agreement for the sale and purchase of shares in a company, detailing transaction terms and regulatory compliance requirements.

find out more

Restaurant Asset Purchase Agreement

A Malaysian law-governed agreement for the purchase and sale of restaurant business assets, including equipment, inventory, and associated rights.

find out more

Short Form Asset Purchase Agreement

A streamlined Malaysian law-governed agreement template for straightforward asset purchase transactions between parties.

find out more

Share Sale And Purchase Agreement

A Malaysian law-governed agreement for the sale and purchase of shares in a company, detailing transaction terms and ensuring legal transfer of ownership.

find out more

Stock Acquisition Agreement

A Malaysian law-governed agreement detailing the terms and conditions for the purchase and sale of shares in a company, including price, warranties, and completion requirements.

find out more

Used Equipment Purchase Agreement

A Malaysian law-governed agreement for the purchase and sale of used equipment, including specifications, conditions, and warranties.

find out more

Share And Asset Purchase Agreement

A Malaysian law-governed agreement for the combined purchase of company shares and specific assets, including transfer terms and conditions.

find out more

Machinery Purchase Agreement

A Malaysian law-governed agreement for the purchase of industrial or commercial machinery, detailing specifications, payment terms, and compliance requirements.

find out more

Inventory Purchase Agreement

A Malaysian law-governed agreement establishing terms for inventory purchase and sale between commercial parties.

find out more

Forward Share Purchase Agreement

A Malaysian law-governed agreement establishing terms for a future share purchase at predetermined conditions.

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: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’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; ³Ò±ð²Ô¾±±ð’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 for more details and real-time security updates.