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1. Parties: Identification of all parties to the termination agreement, including their full legal names, registration numbers, and registered addresses
2. Background: Recitals describing the original purchase agreement, its date, and key terms, and the circumstances leading to termination
3. Definitions: Definitions of key terms used in the termination agreement, including reference to defined terms from the original purchase agreement
4. Termination: Clear statement of termination, effective date, and mutual agreement of the parties
5. Settlement Terms: Details of any financial settlements, including final payments, refunds, or adjustments
6. Return of Goods/Property: Procedures and timeline for returning any goods, materials, or property exchanged under the original agreement
7. Mutual Release: Release of parties from obligations under the original agreement and waiver of claims
8. Confidentiality: Provisions regarding confidentiality obligations that survive termination
9. Governing Law: Confirmation of Malaysian law as governing law and jurisdiction
10. Execution: Signature blocks and execution requirements
1. Survival Clauses: Identifies specific provisions from the original agreement that will survive termination, used when certain obligations need to continue
2. Transition Arrangements: Details of any transitional period or arrangements, used when immediate termination is not practical
3. Third Party Rights: Addresses rights of any third parties affected by the termination, used when third parties have interests in the original agreement
4. Tax Implications: Addresses tax consequences of the termination, used when significant tax implications exist
5. Dispute Resolution: Specific dispute resolution procedures, used when parties want to specify particular methods for resolving future disputes
6. Non-Compete/Non-Solicitation: Continuation or modification of any restrictive covenants, used when original agreement contained such provisions
1. Schedule 1 - Original Purchase Agreement: Copy or key details of the original purchase agreement being terminated
2. Schedule 2 - Settlement Calculation: Detailed breakdown of any financial settlements, including calculations and adjustments
3. Schedule 3 - Outstanding Obligations: List of any remaining obligations and how they will be discharged
4. Schedule 4 - Return Schedule: Detailed list of items to be returned and associated timeline
5. Appendix A - Release Form: Standard form for mutual release of claims
6. Appendix B - Handover Protocol: Procedures for handover of any goods, documents, or materials
Retail
Manufacturing
Real Estate
Technology
Construction
Automotive
Consumer Goods
Industrial Equipment
Agriculture
Energy
Telecommunications
Mining
Healthcare
Education
Legal
Procurement
Finance
Commercial
Operations
Risk Management
Compliance
Supply Chain
Sales
Business Development
Legal Counsel
Contract Manager
Procurement Manager
Commercial Director
Chief Financial Officer
Business Development Manager
Operations Manager
Supply Chain Manager
Risk Manager
Company Secretary
General Manager
Chief Executive Officer
Sales Director
Purchase Manager
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