Document background
The Notice Of Intention To Terminate Contract is a crucial legal document used in Malaysian business practice when one party wishes to formally initiate the process of ending a contractual relationship. It must be drafted in compliance with the Malaysian Contracts Act 1950 and any specific requirements outlined in the original contract. This document is typically used when a party needs to terminate a contract due to breach, expiration, or other permitted circumstances under the agreement. It should clearly state the intention to terminate, reference the relevant contract and termination provisions, specify the notice period and effective termination date, and outline any required actions or outstanding obligations. The notice serves both as a legal requirement and a professional courtesy, providing the receiving party with formal notification and adequate time to prepare for the contract's termination.
