Document background
This License Termination document is essential when parties wish to formally end their existing licensing arrangement in Malaysia. It should be used when either party wants to terminate a license agreement in accordance with the original agreement's terms or by mutual consent. The document ensures compliance with Malaysian contract law and relevant intellectual property regulations while providing a clear framework for termination procedures. It includes critical elements such as termination date, final payments, return of materials, and ongoing obligations. This document is particularly important in protecting both parties' interests and preventing future disputes by clearly documenting the agreed terms of termination.
