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The Key Holding Agreement is essential for businesses and property owners in Malaysia who require professional management of their property access keys. This document is typically used when engaging a licensed security service provider to safeguard property keys and manage access control. The agreement ensures compliance with Malaysian security services regulations and data protection laws while establishing clear protocols for key storage, emergency access, and liability allocation. It becomes particularly important in commercial, industrial, and multi-tenant properties where secure and documented access management is crucial. The document addresses various scenarios including routine access, emergency situations, and security breaches, while incorporating local legal requirements and industry best practices.

1. Parties: Identification of the key holding service provider and the client, including full legal names, registration numbers, and registered addresses

2. Background: Context of the agreement, including the client's need for key holding services and the service provider's qualifications

3. Definitions: Definitions of key terms used throughout the agreement, including 'Keys', 'Premises', 'Emergency Response', 'Authorized Personnel', etc.

4. Services: Detailed description of the key holding services to be provided, including storage, access, and emergency response procedures

5. Service Provider's Obligations: Key responsibilities of the service provider, including security measures, response times, and maintenance of access logs

6. Client's Obligations: Client responsibilities, including providing accurate information, updating authorized personnel lists, and payment obligations

7. Security Protocols: Specific procedures for key storage, handling, and access management

8. Emergency Procedures: Protocols for emergency situations, including response times and notification procedures

9. Fees and Payment: Details of service fees, payment terms, and additional charges for emergency calls or special services

10. Liability and Insurance: Scope of liability, insurance requirements, and indemnification provisions

11. Term and Termination: Duration of the agreement, renewal terms, and termination conditions

12. Confidentiality: Provisions for protecting sensitive information about the premises and security arrangements

13. General Provisions: Standard contractual clauses including governing law, notices, and entire agreement provisions