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Short Form Of Agreement Template for Malaysia

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Key Requirements PROMPT example:

Short Form Of Agreement

"I need a Short Form Of Agreement for a professional IT consulting service arrangement starting March 1, 2025, including standard confidentiality provisions and clear payment terms for monthly invoicing in Malaysian Ringgit."

Document background
The Short Form Of Agreement is specifically designed for use in the Malaysian business environment where parties require a simplified yet legally robust contractual framework. This document type is particularly suitable for straightforward commercial arrangements where the full complexity of a standard agreement is unnecessary. It includes core contractual elements required under Malaysian law while maintaining brevity and clarity. The agreement is commonly used for professional services, supply arrangements, or consultancy agreements where the scope and terms can be clearly defined without extensive clauses. It provides sufficient protection for both parties while avoiding the complexity and length of more comprehensive agreements, making it ideal for small to medium-sized transactions or ongoing business relationships where the parties seek to minimize documentation while maintaining legal certainty.
Suggested Sections

1. Parties: Identification and details of the contracting parties

2. Background: Brief context and purpose of the agreement

3. Definitions: Key terms used in the agreement

4. Scope of Agreement: Core obligations and rights of the parties

5. Duration: Term of the agreement, including commencement date and termination provisions

6. Payment Terms: Financial considerations, payment schedule, and method

7. Confidentiality: Basic confidentiality obligations

8. Termination: Circumstances and process for ending the agreement

9. Governing Law: Specification of Malaysian law as governing law

10. Execution: Signature blocks and execution details

Optional Sections

1. Force Majeure: Include when parties want protection against unforeseen circumstances preventing performance

2. Intellectual Property: Include when the agreement involves creation, use, or transfer of IP rights

3. Insurance: Include when specific insurance requirements need to be maintained

4. Assignment: Include when transfer of rights needs to be specifically addressed

5. Dispute Resolution: Include when specific dispute resolution mechanisms (beyond courts) are desired

6. Warranties: Include when specific promises or guarantees are essential to the agreement

Suggested Schedules

1. Schedule 1 - Services/Deliverables: Detailed description of services or deliverables to be provided

2. Schedule 2 - Fees: Detailed breakdown of fees and payment structure

3. Schedule 3 - Special Conditions: Any specific terms or conditions unique to this agreement

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

Professional Services

Information Technology

Retail

Manufacturing

Construction

Healthcare

Education

Financial Services

Consulting

Real Estate

Logistics

Small and Medium Enterprises

Relevant Teams

Legal

Procurement

Operations

Commercial

Finance

Administration

Business Development

Contracts

Compliance

Risk Management

Relevant Roles

Contract Manager

Business Development Manager

Procurement Officer

Legal Counsel

Company Secretary

Operations Manager

Project Manager

Commercial Director

Finance Manager

Business Owner

Managing Director

Administrative Manager

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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