Document background
The MoU For Development Of Land is a crucial preliminary document used in Malaysian land development projects to establish initial understanding between parties before committing to a full development agreement. It is typically employed when parties need to outline their intentions and basic terms while conducting due diligence and securing necessary approvals. The document addresses Malaysian regulatory requirements, including compliance with the National Land Code 1965, Town and Country Planning Act 1976, and relevant state authorities' requirements. It serves as a roadmap for the proposed development, covering aspects such as land status, development concept, responsibilities, and timeline, while maintaining flexibility for future negotiations. This type of MoU is particularly important in Malaysia's dual legal system context, where land matters are governed by both federal and state laws, and where different requirements may apply in Peninsular Malaysia versus East Malaysia (Sabah and Sarawak).
