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Discharge Deed Template for Malaysia

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Key Requirements PROMPT example:

Discharge Deed

"I need a Discharge Deed to release ABC Manufacturing Sdn Bhd from all obligations under our supply agreement dated March 15, 2025, with a final settlement payment of RM 50,000 to be made by January 31, 2025."

Document background
The Discharge Deed serves as a crucial legal instrument in Malaysian business and commercial relationships, providing a formal mechanism to terminate obligations and release parties from their duties under previous agreements. This document type is commonly used when parties wish to conclude their contractual relationships, settle disputes, or provide mutual releases from obligations. The deed must comply with Malaysian legal requirements, including proper execution as a deed, consideration of stamp duty obligations under the Stamp Act 1949, and adherence to formalities under the Contracts Act 1950. The document typically includes comprehensive provisions detailing the scope of discharge, any conditions attached to the release, and necessary warranties from all parties involved.
Suggested Sections

1. Parties: Identifies all parties to the deed, including the parties being discharged and those granting the discharge

2. Background: Recitals setting out the context, including details of the original agreement/obligation and reasons for discharge

3. Definitions: Defines key terms used in the deed, including references to the original agreement and relevant dates

4. Discharge: Core provision stating the discharge of obligations and its effective date

5. Mutual Release: Provisions where parties mutually release each other from claims relating to the discharged obligations

6. Return of Property: Requirements for return of any property, documents, or materials related to the discharged agreement

7. Warranties: Confirmations from parties regarding their authority to enter into the deed and validity of the discharge

8. Governing Law and Jurisdiction: Specifies Malaysian law as governing law and jurisdiction for disputes

9. Execution: Formal execution blocks meeting requirements for a valid deed under Malaysian law

Optional Sections

1. Payment Provisions: Include when the discharge involves final payments or settlement amounts

2. Confidentiality: Include when parties wish to keep the discharge and its terms confidential

3. Surviving Obligations: Include when certain obligations from the original agreement should survive the discharge

4. Tax Provisions: Include when there are specific tax implications or allocations to be addressed

5. Third Party Rights: Include when the discharge affects rights of third parties not direct parties to the deed

6. Further Assurance: Include when parties need to take additional actions to give effect to the discharge

7. Costs: Include when there's a need to allocate costs related to the preparation and execution of the deed

Suggested Schedules

1. Schedule 1 - Original Agreement: Copy or details of the agreement being discharged

2. Schedule 2 - Outstanding Obligations: List of any outstanding obligations and how they are being settled

3. Schedule 3 - Release Documentation: Forms or notices required to effect the release

4. Schedule 4 - Property Schedule: List of any property or materials to be returned or transferred

5. Appendix A - Powers of Attorney: If relevant, copies of powers of attorney authorizing signatories

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

Banking and Finance

Real Estate

Construction

Manufacturing

Professional Services

Retail

Technology

Energy

Healthcare

Education

Transportation

Mining and Resources

Agriculture

Telecommunications

Relevant Teams

Legal

Compliance

Finance

Risk Management

Commercial Operations

Corporate Secretariat

Treasury

Business Development

Operations

Credit Control

Corporate Governance

Documentation

Relevant Roles

Legal Counsel

Contract Manager

Chief Legal Officer

Company Secretary

Risk Manager

Compliance Officer

Chief Financial Officer

Commercial Director

Business Development Manager

Project Manager

Operations Director

Treasury Manager

Credit Manager

Corporate Governance 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

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