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The Contract For Sale Of Commercial Property is a crucial legal document used in Malaysian commercial real estate transactions. It is essential when transferring ownership of commercial properties, including office buildings, retail spaces, industrial facilities, and other business premises. This document is structured in accordance with Malaysian property law, particularly the National Land Code 1965 and the Contracts Act 1950. It includes comprehensive provisions covering property description, purchase price, payment terms, conditions precedent, warranties, and completion procedures. The agreement is designed to protect both parties' interests while ensuring compliance with local regulatory requirements, including those related to land registration, stamp duty, and property gains tax. It serves as the primary legal instrument governing the entire transaction process from initial agreement through to completion and post-completion matters.

1. Parties: Identification of the Vendor and Purchaser with full details including registration/company numbers

2. Background: Recitals explaining the context of the sale and basic details of the property

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. Agreement for Sale: Core agreement to sell and purchase the property at the specified price

5. Property Description: Detailed description of the property including land title details and boundaries

6. Purchase Price: Statement of purchase price and payment terms including deposit and balance

7. Conditions Precedent: Conditions that must be fulfilled before completion can occur

8. Vendor's Obligations: Obligations of the vendor including warranties and pre-completion responsibilities

9. Purchaser's Obligations: Obligations of the purchaser including payment and due diligence responsibilities

10. Title and Transfer: Provisions regarding transfer of title and related procedures

11. Completion: Details of completion process, timing, and requirements

12. Post-Completion Matters: Obligations and procedures after completion including registration

13. Default and Termination: Consequences of default and termination rights

14. Notices: Requirements for giving notices under the agreement

15. General Provisions: Standard boilerplate clauses including governing law and jurisdiction