Document background
The Online Partnership Agreement is essential for parties establishing a joint online business venture in Malaysia. This document is particularly relevant in today's digital economy where businesses increasingly operate in the online space. It combines traditional partnership principles with specific provisions for digital operations, ensuring compliance with Malaysian legislation including the Partnership Act 1961, Electronic Commerce Act 2006, and Personal Data Protection Act 2010. The agreement covers crucial aspects such as digital asset ownership, online platform management, data protection responsibilities, and profit sharing mechanisms. It's designed to provide clear guidelines for partners operating digital businesses while protecting their interests and ensuring regulatory compliance.
