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The Agreement Of Purchase And Sale Business In Leased Premises is a vital document used in Malaysia when transferring ownership of a business that operates from rented premises. This agreement is particularly crucial as it combines elements of both business sale and property lease assignment, requiring compliance with Malaysian commercial law, property regulations, and business transfer requirements. It is commonly used when a business owner wishes to sell their entire business operation, including assets, goodwill, and the right to continue operating from the current leased location. The document addresses critical aspects such as purchase price, asset transfer, lease assignment, employee matters, and necessary third-party consents, particularly from the landlord. It's essential for protecting both parties' interests and ensuring a smooth transition of business ownership while maintaining the business location.
