Document background
The Master Framework Agreement serves as an overarching contractual framework for businesses operating in Malaysia who anticipate multiple future transactions or service arrangements. It is particularly useful for long-term business relationships where parties expect to enter into various specific agreements over time. The document establishes fundamental terms, conditions, and procedures that will apply to all subsequent transactions, while allowing flexibility for specific details to be agreed upon in individual statements of work or purchase orders. This approach streamlines future contracting processes and ensures consistency across multiple engagements. The agreement incorporates Malaysian legal requirements and commercial practices, making it suitable for both local and international businesses operating within the Malaysian jurisdiction.
