Document background
The Business Acquisition Agreement is a crucial document used in Malaysia when one entity seeks to acquire another business, either through purchasing its assets or shares. This agreement is essential for both domestic and cross-border transactions, requiring careful consideration of Malaysian legal requirements, including the Companies Act 2016, Competition Act 2010, and industry-specific regulations. The document typically follows after initial negotiations and due diligence, incorporating detailed provisions about the transaction structure, purchase price, warranties, indemnities, and completion mechanics. It must address specific Malaysian regulatory requirements, such as foreign investment restrictions, competition law compliance, and sector-specific approvals. The agreement serves as the primary document governing the rights and obligations of all parties involved in the business acquisition process.
