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The Conditional Sales Purchase Agreement is a crucial document used in Malaysian commercial transactions where goods are sold under specific conditions, typically involving installment payments. This agreement type is particularly relevant when dealing with high-value assets where the seller wishes to maintain ownership until full payment or other conditions are met. Governed by Malaysian law, particularly the Hire-Purchase Act 1967, the agreement details payment terms, ownership conditions, maintenance requirements, and repossession rights. It's commonly used in various sectors including automotive, industrial equipment, and technology hardware sales, providing legal protection for both parties while ensuring compliance with Malaysian consumer protection and contract laws. The document includes comprehensive details about the goods, payment schedule, warranty terms, and insurance requirements.
