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The Credit Sale Agreement is a fundamental document used in Malaysian commerce when goods are sold on credit terms, allowing purchasers to acquire goods while paying the purchase price in installments. This document type is essential for businesses operating in Malaysia that offer credit sales and must comply with local regulations including the Hire-Purchase Act 1967, Consumer Protection Act 1999, and potentially Islamic Financial Services Act 2013. The agreement includes crucial details such as payment terms, interest rates, security arrangements, and default provisions, while incorporating necessary consumer protections required by Malaysian law. It's particularly important for high-value goods and requires careful consideration of both commercial and regulatory aspects to ensure enforceability and protection of all parties' interests.

1. Parties: Identification of the seller/creditor and purchaser with complete details as required by Malaysian law

2. Background: Context of the transaction and brief description of the arrangement between parties

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

4. Sale and Purchase: Core terms of the sale including description of goods/property and purchase price

5. Credit Terms: Details of the credit arrangement including total amount, interest rate, payment schedule, and tenure

6. Payment Terms: Specific provisions regarding method of payment, due dates, and late payment consequences

7. Security: Details of any security interest in the goods until full payment

8. Delivery and Acceptance: Terms regarding delivery, inspection, and acceptance of goods

9. Warranties and Representations: Warranties regarding the goods and representations by both parties

10. Default and Remedies: Events of default and available remedies for both parties

11. Termination: Circumstances and procedures for termination of the agreement

12. Notices: Process and requirements for giving notices under the agreement

13. General Provisions: Standard boilerplate clauses including governing law, dispute resolution, and severability