tiktok³ÉÈË°æ

All Countries
Employment
Cancellation Of Agreement For Sale

Cancellation Of Agreement For Sale Template for Malaysia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Cancellation Of Agreement For Sale

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Cancellation Of Agreement For Sale

"I need a Cancellation of Agreement for Sale for a commercial property transaction in Kuala Lumpur, where both parties have mutually agreed to terminate due to financing issues, with a deposit refund of RM 500,000 to be returned by March 15, 2025."

Celebrated by
Collaborations with
Investors
Document background
The Cancellation of Agreement for Sale is a crucial legal instrument in Malaysian business and property transactions when parties mutually agree to terminate their original sale agreement. This document is typically used when circumstances necessitate the termination of a sale transaction, whether due to failure to meet conditions precedent, mutual agreement to abandon the transaction, or other valid reasons. It provides a formal framework under Malaysian law for documenting the cancellation terms, handling refunds or settlements, and ensuring proper release of parties from their obligations. The document must comply with Malaysian legal requirements, including the Contracts Act 1950, Specific Relief Act 1950, and where applicable, the National Land Code 1965. It's particularly important in property transactions but is also used in various commercial contexts where a formal record of agreement cancellation is required.
Suggested Sections

1. Parties: Identification of all parties to the cancellation agreement, including full names, identification numbers, and addresses

2. Background: Recitals detailing the original sale agreement, its date, and key terms, and the circumstances leading to cancellation

3. Definitions: Definitions of key terms used in the cancellation agreement

4. Cancellation and Termination: Clear statement of mutual agreement to cancel the original agreement and the effective date of cancellation

5. Release and Discharge: Mutual release of parties from all obligations under the original agreement

6. Return of Documents: Provisions for the return of any original documents, titles, or other materials related to the sale

7. Costs: Allocation of costs related to the cancellation, including legal fees and stamp duty

8. Governing Law: Confirmation that the agreement is governed by Malaysian law

9. Execution: Signature blocks and execution formalities

Optional Sections

1. Refund Terms: Details of any deposit or payment refunds, including amount, method, and timeline - used when deposits or payments were made under the original agreement

2. Outstanding Obligations: Provisions dealing with any remaining obligations or payments - included when there are unresolved matters

3. Third Party Rights: Provisions relating to any third party interests or rights - needed when banks, guarantors, or other third parties are involved

4. Confidentiality: Provisions regarding confidentiality of the cancellation terms - used in sensitive commercial transactions

5. Non-Disparagement: Mutual agreement not to make negative statements about the other party - used in high-profile or contentious cancellations

6. Survival Clauses: Specification of which provisions survive the cancellation - used when certain rights or obligations should continue

Suggested Schedules

1. Schedule 1 - Original Agreement Details: Copy or details of the original sale agreement being cancelled

2. Schedule 2 - Property Details: Full description of the property or subject matter of the original sale

3. Schedule 3 - Settlement Terms: Detailed breakdown of any financial settlement, including refunds or payments

4. Schedule 4 - Return of Items Checklist: List of all documents and items to be returned by each party

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions





















Clauses




















Relevant Industries

Real Estate

Property Development

Banking and Finance

Commercial and Retail

Industrial

Manufacturing

Agriculture

Hospitality

Construction

Relevant Teams

Legal

Compliance

Real Estate

Sales

Business Development

Risk Management

Contract Administration

Corporate Secretarial

Property Management

Relevant Roles

Legal Counsel

Contract Manager

Property Manager

Real Estate Manager

Compliance Officer

Transaction Manager

Business Development Manager

Sales Director

Company Secretary

Risk Manager

Legal Administrator

Property Developer

Commercial Director

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

Find the exact document you need

Termination Of Dealership Agreement

A Malaysian law-governed agreement that formally terminates an existing dealership arrangement between a manufacturer/supplier and dealer, addressing all aspects of the relationship closure.

find out more

Terminating A Franchise Agreement

A Malaysian law-compliant agreement for formally terminating a franchise relationship, including settlement terms and post-termination obligations.

find out more

Real Estate Contract Termination

A Malaysian law-compliant agreement for terminating a real estate sale and purchase contract, including settlement terms and mutual releases.

find out more

Landlord Breaks Lease Agreement

A Malaysian law-compliant agreement for landlords to formally terminate a lease before its scheduled end date.

find out more

Letter Not To Renew Contract

A formal notice under Malaysian law communicating the intention not to renew an existing contract upon its expiration date.

find out more

Dissolution And Termination Of Joint Venture

A Malaysian law-governed agreement for the formal dissolution and termination of a joint venture arrangement, including asset distribution and liability settlement.

find out more

Deed Of Separation Employment

A Malaysian law-governed deed that formally documents the agreed terms of employment separation between an employer and employee, including payments, obligations, and mutual releases.

find out more

Formal Lease Termination Letter

A legally compliant Malaysian lease termination notice that formally ends a tenancy agreement between landlord and tenant.

find out more

Termination Deed

A Malaysian law-governed deed that formally terminates an existing agreement and establishes terms for concluding the business relationship.

find out more

Early Release Tenancy Agreement

A Malaysian law-compliant agreement enabling the early termination of a tenancy arrangement with mutually agreed terms and conditions.

find out more

Trust Termination Agreement

A Malaysian law-governed agreement that formally terminates a trust arrangement, releases trustees from their duties, and facilitates the distribution of trust assets to beneficiaries.

find out more

Termination Of Contract Of Service

A formal employment termination document compliant with Malaysian employment law, outlining termination terms, final payments, and post-employment obligations.

find out more

Termination Of Contract Letter To Employer

A formal employment termination letter from employee to employer under Malaysian law, including notice period and termination details.

find out more

Termination Of Contract Letter To Employee

A Malaysian law-compliant formal letter notifying an employee of their employment termination, including termination terms and final settlement details.

find out more

License Termination

A Malaysian law-governed agreement that formally terminates an existing license arrangement between parties, specifying termination terms and post-termination obligations.

find out more

Deed Of Termination Of Shareholders Agreement

A Malaysian law-governed deed that formally terminates an existing Shareholders Agreement, releasing all parties from their obligations and specifying any surviving terms.

find out more

Termination Of Shareholders Agreement

A Malaysian law-governed agreement that formally terminates an existing Shareholders Agreement, settling all related obligations and arrangements between the parties.

find out more

Service Termination Letter To Customer

A formal notice compliant with Malaysian law that informs customers about the termination of services, including termination details and next steps.

find out more

Residential Lease Termination Letter

A formal notice for terminating residential lease agreements under Malaysian law, outlining termination details and related arrangements.

find out more

Contract Termination Acceptance Letter

A formal document under Malaysian law acknowledging and accepting the termination of a contractual relationship between parties.

find out more

Cancellation Of Tenancy Agreement

A Malaysian law-compliant agreement that formally terminates an existing tenancy arrangement between landlord and tenant, outlining termination terms and mutual obligations.

find out more

Termination Of Property Management Agreement

A Malaysian law-compliant agreement for terminating property management services and outlining the transition process.

find out more

Lease Termination Due To Fire

A Malaysian law-compliant agreement for terminating a lease due to fire damage, addressing property damage, mutual obligations, and final settlements.

find out more

Partnership Exit Agreement

A Malaysian law-governed agreement that documents the terms and conditions for a partner's withdrawal from a business partnership.

find out more

Severance And Release Agreement

A Malaysian law-governed agreement that formalizes employment termination terms, severance benefits, and mutual releases between employer and employee.

find out more

Real Estate Termination Agreement

A Malaysian law-governed agreement for terminating real estate contracts, including settlement terms and mutual releases.

find out more

Job Separation Agreement

A Malaysian law-governed agreement that formalizes employment termination terms between employer and employee.

find out more

Cancellation Of Agreement For Sale

A Malaysian law-governed agreement that formally terminates an existing sale agreement between parties, outlining termination terms and mutual releases.

find out more

Termination Of Security Agreement

A Malaysian law-governed agreement that terminates existing security arrangements and releases all related security interests, charges, and encumbrances.

find out more

Cancellation Of Rental Agreement

A Malaysian law-compliant agreement that formally terminates an existing rental arrangement between landlord and tenant, outlining termination terms and mutual obligations.

find out more

Cancellation Of Service Contract

A Malaysian law-compliant agreement for formally terminating an existing service contract between provider and client, including termination terms and mutual obligations.

find out more

Non Disclosure Agreement Employee Termination

A Malaysian law-governed agreement combining employment termination terms with non-disclosure obligations for departing employees.

find out more

Cancellation Contract

A Malaysian law-governed agreement that formally terminates an existing contract by mutual consent, outlining cancellation terms and mutual releases.

find out more

Exit Agreement

A Malaysian law-governed agreement documenting the terms and conditions of an employee's or director's departure from an organization, including settlements and obligations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.